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Committee continues Port lease for Seawall lots to Jan. 8
Summary
The Budget and Finance Committee continued a proposed 50‑year Port lease with TZK Broadway LLC for Seawall Lots to the January 8 meeting after taking no public comment; the continuance was taken without objection.
The committee on Dec. 11 continued consideration of a proposed 50‑year lease between the Port Commission and TZK Broadway LLC for mixed‑use hotel, entertainment venues and public open space at Seawall Lots 23, 2323 and 324.
The clerk read the resolution summary, which stated the lease would include a 16‑year option to extend and an annual minimum base rent of no less than $1,000,000 to commence after Board approval. Chair Sandra Lee Feurer asked for public comment; none was offered. The Chair then moved to continue the item to the Jan. 8 meeting; the continuance was taken without objection.
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