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Town amends lease to Discovery Place Inc.; board approves new four‑year initial term with investment and attendance thresholds
Summary
The board approved a renegotiated lease with Discovery Place Inc. that sets a four‑year initial term with a possible six‑year extension tied to attendance and a required exhibit investment; the parking deck will remain public with no reserved spaces for the tenant.
The Huntersville Town Board unanimously approved Oct. 21 a renegotiated lease with Discovery Place Inc. for space the nonprofit occupies in a town facility. The highlights of the approved lease include a four‑year initial term, a potential six‑year extension tied to meeting an annual attendance threshold, and a firm commitment by Discovery Place to invest in exhibits.
Key terms approved - Initial lease term: four years starting in 2025. -…
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