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Redevelopment agency ratifies 60-day post-closing storage for 51 Club at 466 Magnesium Street

Henderson Redevelopment Agency · February 18, 2026
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Summary

The Henderson Redevelopment Agency ratified a post-closing storage agreement permitting the 51 Club to store equipment and furnishings at 466 Magnesium Street for 60 days after the January closing, with a firm relocation date of March 21; the vote was unanimous.

The Mayor convened the Henderson Redevelopment Agency, and Anthony Malloy, director of the redevelopment agency, asked the board to ratify a post-closing storage agreement allowing the 51 Club to keep equipment and furnishings at the agency-owned property at 466 Magnesium Street for 60 days following a January closing.

Malloy said the agency purchased 466 Magnesium Street in October 2025 and that the 51 Club is relocating to a different downtown location. "They have asked that we allow for them to store their materials there for 60 days post closing," Malloy said, adding that the arrangement would formalize permission to store equipment and furnishings until March 21, when the club must relocate the items.

The board approved the ratification by voice vote after a motion; the clerk/staff reported that "all members voted in favor of the motion made by member Stewart," and the motion carried. No amendments or conditions to the storage period were recorded during the discussion.

The ratified agreement formalizes a short-term, post-closing accommodation for the 51 Club; Malloy indicated the agency executed the purchase in October 2025 and that the storage period aligns with the club's relocation timeline. The board took no further action on the item.