Downtown committee recommends City Council approve 5-year lease at 920 State Street with caveats

The Downtown Parking Committee recommended that City Council approve a five-year lease for 920 State Street to Estrella Emporium LLC, doing business as GameSeeker, while urging staff and council to negotiate either a market-rate adjustment at the five‑year option point or to limit the lease to a five‑year term without an option to extend.

Committee member Labrie moved the recommendation and framed it as a negotiation point for council; Labrie said the committee is “supportive of the proposal, but recommends that staff negotiate a fair market adjustment at the option period and if not possible ... the city consider not offering an option, but rather simply renegotiate the lease at the end of 5 years.” The motion carried 3–1 (Pinner, Labrie and Pratt in favor; Newkirk opposed).

Committee staff described the property as one of three downtown parking-owned commercial spaces anchored by the film center at the Libero Garage/Lot 9 complex and said the recommended tenant is an…