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Two parking plans for new Savannah Arena presented; council declines immediate lease decision
Summary
Interim COO Bret Bell presented two parking options for the new Savannah Arena — a 1,952-space surface lot estimated at $5.9 million or a 400-space garage at $12.5 million — and requested a lease amendment lowering annual rent and extending the term; council made no decision at the workshop.
Interim Chief Operating Officer Bret Bell presented two parking options for the planned Savannah Arena at the May 28 City Council work session and asked council to approve an amendment to an existing lease. Council did not reach a decision during the workshop.
Mr. Bell outlined two alternatives: a 1,952-space surface parking lot estimated at $5.9 million, or a 400-space parking garage estimated at $12.5 million. He requested council approval to amend a November 2019 lease (which the minutes note as ending May 31, 2020) to lower the rent from $696,000 per year to $525,000 per year, include a 3% CPI escalator (the minutes note a $601,778 average over 10 years), and extend the lease term to 10 years.
The minutes record that no decision was reached during the work session; a related agenda item was placed on the regular meeting agenda. The workshop record does not show a recorded motion, roll-call vote, or final determination; council discussion was informational and to gather guidance before further action.
Because the work session did not record formal approval or a vote, the proposed lease amendment and the selection of a parking alternative remain pending further consideration at subsequent meetings.
