SUMMARY:
The City of San Antonio's Center City Development & Operations Department (CCDO) is negotiating an Agreement between the City of San Antonio, Bexar County, The Alameda Theater Conservancy, and Texas Public Radio regarding the Alameda Theater Complex restoration and redevelopment project that will result in the restoration of the Alameda Theater and the relocation of Texas Public Radio to the Alameda Theater Complex. This item is to approve a Resolution acknowledging the Houston Street Tax Increment Reinvestment Zone #9 (TIRZ) fund as a source of funding in an amount not to exceed $9.2 Million in available tax increment from the TIRZ fund, for the Alameda Theater Project, located at 318 W. Houston Street in Council District 1 and within the TIRZ, in accordance with the Funding and Development Agreement for the Alameda Theater between the City of San Antonio, Bexar County, the Alameda Theater Conservancy, and Texas Public Radio.
BACKGROUND INFORMATION:
For the past 2 years, the City of San Antonio, Bexar County, Texas Public Radio (TPR) and La Familia Cortez have worked on a concept that would relocate TPR's corporate headquarters and restore and reopen the historic Alameda Theater as a multi-media live performing arts and film center that would feature the American-Latino multicultural story. The City, County, and La Familia Cortez retained Michael Kaiser of the DeVos Institute of Arts Management to undertake an assessment of the concept and make a recommendation as to its feasibility. Highlights include:
* The Alameda Theater must be restored and reopened as a performing arts facility.
* The Alameda Theater should be multi-purpose and the seating capacity should be adjusted to 1,000 and the floor shall be tiered in order to accommodate theater seats or events tables and chairs.
* The Alameda Theater should include a thrust stage into the audience to create a more intimate setting for performances and events.
* A new entity should be created to o...
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