ADVERTISEMENT

ADVERTISEMENT

Council takes action on Chateau Theatre purchase

CHATEAU
CHATEAU
We are part of The Trust Project.

The Rochester City Council inched one step closer to finalizing its purchase of the Chateau Theatre on Monday evening.

The council agreed unanimously to authorize the city's $6 million purchase with the help of a $500,000 contribution from Mayo Clinic.

The authorization triggered a $1 million payment to the building's owner, Jane Lieberman, while the city and Lieberman pursue a closing agreement. The city previously paid $65,000 to enter a purchase agreement with Lieberman. The costs are counted toward the overall purchase price.

The city would attempt to close within 30 days of the council's authorization, though Lieberman could extend the closing by as much as 180 days, according to city documents.

The city's purchase had become all but a certainty with the Destination Medical Center Corporation's April 30 approval of the purchase as a DMC-related investment.

ADVERTISEMENT

Council member Nick Campion noted a facility assessment showed the Chateau in better-than-expected condition.

"All members of the assessment team agree that the condition of the Chateau Theatre building is better than what was anticipated before the walk-through," a summary conclusion delivered to the council May 7 reported.

In previous comments, city council members have promised an open and inclusive process to determine the future use of the Chateau Theatre.

What to read next
Columnist Kristen Asleson says she believes so much in letting go of what she cannot control, she had a reminder tattooed on her left shoulder blade.
Exclusive
Ryan Stock never sought to become a martial arts instructor, the opportunities to teach always fell in his lap over the years to where he is now.
New episodes are published weekly on Fridays.
Austin McCoy and Kyle Hooten talked about starting a company together while competing as a debate pair for Century High School. Today, they run Artemis Labs with software engineer Manvir Singh and are in partnership with Y Combinator.