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Museum of Natural History urges council to negotiate long-term lease tied to $20 million renovation
Summary
The Santa Cruz Museum of Natural History asked the City Council to direct staff to negotiate lease terms that reflect the nonprofit’s investment in a $20 million renovation campaign; the museum said donors have so far raised about $17.1 million and that $15 million of the project would go to building improvements.
The executive director of the Santa Cruz Museum of Natural History told the City Council the museum needs a long-term lease that recognizes the nonprofit’s capital investment as it prepares a $20 million renovation and expansion of the historic Carnegie library building.
“We have raised over $17,100,000 — 86% of our $20,000,000 goal,” the executive director said during oral communications, adding that the nonprofit estimates $15,000,000 of the budget will go…
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