Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council to consider amended redevelopment agreement for CU Adventures; TIF payments tied to food and beverage sales
Urbana City Council, Committee of the Whole · March 17, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Staff proposed an amendment to the redevelopment agreement with CU Adventures in Time and Space to extend the completion date to May 1, 2026 and to replace a rounds-based metric with a $500,000 annual food-and-beverage sales target that determines TIF payments.
City staff presented an amendment to a redevelopment agreement with MCDJ LLC (CU Adventures in Time and Space) and asked the committee to forward it to the City Council on March 16.
Olivia Jovi, director of Community Development Services, said the original agreement (approved February 2025) included performance…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
