Expansion of Red Brick a go
The city will loan the Red Brick Center for the Arts $600,000 for an expansion project and absorb the interest cost on behalf of the various nonprofit arts groups that are tenants in the city-owned building, the Aspen City Council agreed Monday.The council gave an informal nod to both the expansion and the financial arrangements during its work session.
The project will clean up the west end of the former school building on East Hallam Street, where a loading dock is currently considered something of an eyesore in the neighborhood. A new conference room and outdoor sculpture garden are planned, along with improvements to the pedestrian trail connection behind the building and curb and gutter abutting the property along Garmisch Street. Additional leasable space inside the center will also be created.The building houses nonprofits like the Aspen Writers’ Foundation, Jazz Aspen Snowmass and GrassRoots TV. It currently has a waiting list of interested tenants.
Leases will repay the city the $600,000 over 10 years, but the city will cover the interest cost – about $22,400 – from its general fund. The loan will likely come either from a fund balance dedicated to the Wheeler Opera House or affordable housing, said Paul Menter, city finance director.
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