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Paramount Arts Center: commission advances first reading of management agreement with AP3/Venue Works; staff and volunteers request protections
Summary
City advanced a first reading to allow AP3 LLC with Venue Works to assume operational control of the Paramount Arts Center beginning Jan. 1, 2026. Start‑up costs will be covered from interest on a $25 million state appropriation; commissioners postponed the second reading to allow more review and public input.
The commission gave first reading Nov. 20 to a proposed project services agreement that would authorize AP3 LLC, with subcontractor Venue Works, to assume operational control of the Paramount Arts Center on Jan. 1, 2026, for a management fee of $10,000 per month.
City staff described the arrangement as a one‑to‑two quarter startup model intended to stabilize…
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