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Committee declines city purchase of Roosevelt Theater at current asking price, asks administration to pursue street-level activation and P3 options
2375146 · February 21, 2025
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Summary
Committee members declined to recommend the city's purchase of the Roosevelt Theater at the owner's asking price and directed staff to pursue public-private partnership options and targeted street-level activation to improve the 40th Street corridor.
The committee returned a recommendation to the full commission that the city should not buy the Roosevelt Theater at the current asking price and instead pursue public-private partnership or other options to activate the property’s street-level frontage.
Heather Shaw, assistant director for economic development, said the city’s…
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