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Pretend City leaders and local donors ask Irvine for loan guarantee to build Great Park museum
Summary
Pretend City Children's Museum leaders and major supporters asked the Irvine City Council during public comment for a city guarantee on a private construction loan to allow construction of a permanent Great Park museum; no council action was taken at the meeting.
Leaders and supporters of Pretend City Children's Museum appeared at Irvine's September 9 meetings to ask the city to guarantee a portion of private construction financing so the museum can begin building its planned Great Park campus.
Why it matters: Pretend City says it already has substantial private funding and operating reserves but needs a partial municipal guarantee to satisfy its lender and start construction. Council did not act during the meeting; the topic was presented during the public-comment period and will require separate staff work and any formal council consideration.
What speakers said: Ellen Pace, executive director of Pretend City, told the council the museum has “plans ready to construct” and has negotiated financing with Farmers & Merchants Bank; she described the city loan and guarantee as a way to compensate Pretend…
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