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Committee approves five-year lease under Superior Viaduct to John G. Johnson Construction for parking
Summary
The Municipal Services and Properties Committee on Jan. 6 approved an emergency ordinance authorizing the director of capital projects to lease land under Superior Viaduct Arch No. 6 to John G. Johnson Construction Company for five years with a five‑year renewal option.
The Municipal Services and Properties Committee on Jan. 6 approved an emergency ordinance authorizing the director of capital projects to lease land under Superior Viaduct Arch No. 6 to John G. Johnson Construction Company for five years with a five‑year renewal option.
The lease rate will be $1,165 per year, Suzanne Degenero, Commissioner of Real Estate, told the committee, a figure she said reflects a recent appraisal. "The lease rate will be $1,165 per year which is fair market value," Degenero said.
The nut graf: The parcel—7,265 square feet directly under the arch—is effectively landlocked and only accessible to the adjacent…
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