Executive Board are requested to approve the lease of the vacant shop units at 34-40 New Briggate at a market rent and, to offer a rent free period for a timescale to be agreed and, Authority to Spend for the payment of a reverse premium of up to £750,000 to Opera North having regard to the significant capital investment the company proposes to make in the vacant units. Approval is also sought to variations of both Leeds Grand Theatre and Opera North’s leased areas required to facilitate the proposed works and that the Director of City Development be authorised to approve the final terms of all legal agreements needed to deliver the proposed Opera North works.
Decision type: Key
Reason Key: Expenditure > £250,000;
Decision status: Recommendations Approved
Wards affected: City and Hunslet;
Notice of proposed decision first published: 20/02/2018
Decision due: 21 Mar 2018 by Executive Board
Lead director: Director of City Development
Department: City Development
Contact: Chris Coulson 0113 378 7738 Email: email@example.com.
By report and emails
Executive Member for Economy and Culture
The Board of Leeds Grand Theatre and Opera House Ltd
Arts Council England
Heritage Lottery Fund
Portfolio Holder: Executive Member for Economy and Culture