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Stadium lease negotiations to be added to agendas; MOU not intended as lease extension, board told
Summary
Board members agreed to add proposed lease negotiations with AZPB Limited Partnership to future agendas, were told the existing MOU was an interim step (not a lease extension), and tentatively calendared June meetings and interview dates.
The Stadium District board added ongoing lease negotiations with AZPB Limited Partnership to future agendas and discussed scheduling for interviews and site visits.
The Chair introduced a proposed lease between the Stadium District and AZPB Limited Partnership and a presenter said staff would add the lease item to regular agendas to keep the public informed on timing and cadence. The presenter noted lease negotiations will likely require executive session for confidential bargaining and asked if anyone in the public wanted to comment.
A committee member asked whether the draft lease would extend an MOU term through 2027. A board speaker clarified, "The MOU was never intended to be a lease extension," saying the MOU was meant as an interim document creating urgency to complete a lease and that staff should draft a lease extension and circulate it for feedback so the incoming executive director would have a concrete document to work from.
Board members also discussed scheduling summer site visits to view potential stadium locations and agreed to calendar a June 12 meeting as a placeholder; members said if not everyone can attend both trips they may stagger attendance and report back. The Chair closed by requesting members flag calendar conflicts so staff can finalize interview scheduling.
The meeting adjourned by voice vote and moved to executive session to continue confidential lease negotiations.
