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Title:
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Select Greens Group and Griffin|Swinerton joint proposal for development of mixed-use hotel, residential, retail, office, Convention Center expansion, public amphitheater, and new parking garage project on approximately 7.6 acres of City-owned property comprised of Public Parking Lot No. 33, landscape plaza fronting Riverside Convention Center, and former Utilities Plaza Building - Negotiate Purchase, Sale and Development Agreement with Greens Group for approximately $4 million, less miscellaneous title, escrow, and closing costs for private development portion of Property - Staff to negotiate Lease and Lease-Back Agreement with Griffin|Swinerton for approximately $9.5 million annually in new tax revenue, parking revenue, and Convention Center proceeds and approximately $6 million annual lease payment for 100,000-square-foot expansion of Convention Center, public amphitheater, and construction of 1,036-stall public parking garage - Generally located along Orange Street between Third an...
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