Issue details

Proposed Opera North Capital Works, Leeds Grand Theatre - Premier House

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: chris.coulson@leeds.gov.uk.

Consultation process

By report and emails

Consultees

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

Decisions

Agenda items

Documents

  • Report to be issued to the decision maker with the agenda for the meeting