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CRA director: Center for Arts and Innovation ends PCDA and lease; staff to review Alta consulting scope as downtown events continue
Summary
CRA Director Michael Brown said on Jan. 13 that the Center for Arts and Innovation notified the city and CRA on Jan. 8 that it was terminating the Oct. 12, 2022 pre-construction and development agreement and related lease effective Jan. 8, 2025.
CRA Director Michael Brown told the agency on Jan. 13, 2025, that the Center for Arts and Innovation notified the CRA and the city on Jan. 8 of its decision to terminate immediately the Oct. 12, 2022 pre-construction and development agreement (PCDA) and the related lease “pursuant to section 14 of that PCDA.” Brown said the CRA sent a confirmation letter on Jan. 9 acknowledging that both agreements were terminated effective Jan. 8.
“On January 8th, the center notified the CRA and the city of its decision to terminate immediately the October 12, 2022 pre construction and development agreement and lease,…
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