The agreement next goes before the City Council for a vote. Mostobservers say the deal will be approved, even though somecouncilpersons and even a CRA board member who voted for thesubsidy have expressed reservations about some terms of theagreement.
In addition to modernizing the high-rise and adjacent officecampus, Capitol Records' $21-million renovation will include theconstruction of a parking facility on Vine Street. Capitol willalso purchase an existing surface parking lot on Argyle Avenue fromthe CRA, which the record company will initially use for parkingbut may later use to expand its campus.
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