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Committee approves financing changes for Warner & Swayze redevelopment; $10.6M city support reported
Summary
The Finance, Development, Equity and Inclusion committee approved amendments allowing multiple loan agreements to Penrose Holdings LLC to finance redevelopment of the Warner & Swayze Building, with city support reported at $10.6 million toward a $64 million project.
The committee approved an amended emergency ordinance (14‑58‑2025 as amended) authorizing agreements with Penrose Holdings LLC and related loan documents to support redevelopment of the Warner & Swayze Building at 5701 Carnegie Ave.
Director Jovi Jovi Rose and project staff said the amendment pluralizes the loan authorization so the city may enter into separate, customized…
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