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Palmdale council approves extended agreement with Covington for Antelope Valley Commerce Center
Summary
The city approved an amended and restated purchase-and-sale agreement with AVCC Master LLC (an affiliate of Covington Investments) that extends marketing time to June 2027, allows phased sequencing tied to purchase prices and recognizes roughly $22 million in front‑loaded regional improvements. Labor unions urged approval; at least one resident urged renegotiation.
Palmdale city officials on Tuesday approved an amended and restated purchase-and-sale agreement with AVCC Master LLC, an affiliate of Covington Investments, for land at the southeast corner of Avenue M and Sierra Highway.
Megan Tager, Palmdale's director of economic and community development, told the council the revision extends the developer's deadline to market and secure a tenant to June 2027, adds flexibility in sequencing development by tying primary, secondary and tertiary development tracks to previously agreed purchase prices rather than to specific phases, and recognizes approximately $22 million in expenses the developer front‑loaded for regional improvements necessary to start construction.
Why it matters: The Antelope Valley Commerce Center is planned to…
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