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Metro committee reviews TPAC development agreement; pedestrian-bridge access and funding timelines draw scrutiny
Summary
The mayor's office and staff outlined a Metro–TPAC development agreement in which TPAC funds the building and most infrastructure, TPAC will contribute $6 million toward Metro infrastructure (paid $400,000/year for 15 years), and Metro and schools get 30 days' free use annually; council members pressed for commitments on pedestrian-bridge access and confirmation TPAC will show full funding by Dec. 31, 2026.
Masami Tyson, the mayor's chief of staff, and city legal and finance staff presented a proposed development agreement and ground lease with TPAC, describing the project as a new, city-accessible performing-arts venue while noting the city will pay only part of surrounding infrastructure costs.
Tyson said the deal grew out of prior East Bank planning (Imagine East Bank) and a master development agreement passed in April 2024. She told the committee that an earlier nonbinding memorandum of understanding reflected facts at the time and that the agreement before the committee contains differences from that MOU.
Tom Cross, the city's legal presenter, described the two-part structure common to such projects: a development agreement that assigns construction and funding responsibilities, and a ground lease that governs long-term occupancy. Cross said TPAC is responsible for the facility’s design and construction and related infrastructure immediately adjacent to the building. "They have to show by this time next…
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