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Council authorizes grant from equipment replacement fund, defers lease payments to support Civic Auditorium operator
Summary
Citing risks to tourism tax and event programming, the Redding City Council authorized a grant from a fund set aside from the 2014 Sheraton land sale to support the Civic Auditorium operator while council and community groups consider a longer‑term lease restructuring and oversight process.
The Redding City Council voted Aug. 18 to authorize using funds held in the city’s equipment replacement fund — the pool of proceeds from the 2014 Sheraton land sale — to support the operator of the Civic Auditorium, Advanced Redding, and to defer lease payments temporarily while the council and community advisory bodies explore longer‑term solutions.
City staff briefed council on the Civic’s lease structure and the operator’s financial pressures. Staff described the current agreement as atypical: Advanced Redding is a nonprofit tenant that pays rent and manages programming but…
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