On today's meeting agenda, the council is scheduled to vote on a deal with developer
Schneider, in return, will receive a tax increment financing rebate estimated at about
"I know seven-year and 10-year TIFS have been thrown out there, but nothing has been confirmed," he said.
Schneider and Mayor
Randolph hopes the city will take advantage of the space.
"We need to recognize we would have a performing arts center or large seating venue we wouldn't have access to otherwise," he said.
Schneider is turning the former school at
The developer said the auditorium space could be converted into six apartments if the city passes on the agreement. TIF funds would be a reimbursement for the money Schneider would have received if the space did become apartments.
If the city decides to use the auditorium, it will pay to renovate the space. It could cost more than
The city is in talks with potential renters of the auditorium space, such as
Last year, Schneider received a
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