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Board authorizes execution of developer/reimbursement agreement for Grand Action 2.0 project
Summary
The authority authorized execution of a development and reimbursement agreement to allow Grand Action Foundation 2.0 to seek reimbursement under a transformational brownfield plan covering an amphitheater, stadium and planned housing phases; private development partners and the final affordable housing agreement will be added through later amendments.
The authority authorized its chair to execute a developer and reimbursement agreement that allows Grand Action Foundation 2.0 to seek reimbursement under an existing transformational brownfield plan covering an amphitheater and stadium district and future housing and mixed‑use components.
Staff explained this step is procedural and enables the authority to…
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