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Wagoner EDA approves agreement to build The Junction event space amid $1.2 million budget and structural concerns
Summary
The City of Wagoner Economic Development Authority voted to enter an agreement with the city and Wagoner County to build The Junction, a public event space at 111 South Main Street, after discussion about rising costs, a $200,000 contingency, and structural concerns with a neighboring building.
The City of Wagoner Economic Development Authority voted to enter an agreement with the City of Wagoner and the Wagoner County Economic Development Authority to develop The Junction, a public event space planned for 111 South Main Street. The motion passed by roll call with all members voting in favor.
The Junction project budget has increased from an original $900,000 estimate to $1.2 million, with a $200,000 contingency that would raise the potential total to $1.4 million. Funding described during the meeting includes a $300,000 donation from the Chandler family and a $400,000 contribution from Wagoner County; the city was asked to provide $500,000 to complete the $1.2 million budget. Meeting speakers said the project team had hoped to rely on a “P3” (public–private partnership) grant mechanism but that the…
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