City could buy old Civic Auditorium site back if agreement terms aren’t met

Construction is underway at the old civic auditorium site downtown. KMTV confirmed that the city is warning the developer that it could repurchase it because the work isn’t happening fast enough.

BROADCAST TRANSCRIPT:It boils down to the original 2023 purchase agreement between the city and developer White Lotus Group.

When they closed on the site, they agreed to construction milestones, including commencing construction of the footing and foundations for buildings and infrastructure for half of the site within two years…

Story continues

TRENDING NOW

LATEST LOCAL NEWS