The Orlando City Council has cleared the way for the NBA's Orlando Magic to build their long dreamed entertainment complex.
According to Orlando ABC affiliate WFTV on Nov. 4, city commissioners unanimously approved a deal to sell the Orlando Police headquarters building to the Magic. According to WFTV reporter Christopher Heath, some major cost still has to be worked out between the team and the city.
In the deal, the city will sell the police headquarters building, along with an adjacent parking garage, to the Magic for $12.7 million. The city would then turn around and lease the building back from the Magic for $100,000 a year until the police department can find a new building or build a brand new one.
Magic team owners want to build an entertainment complex similar to the L.A Live complex in Los Angeles. The police headquarters sits adjacent to the Amway Center, the home court for the Magic.
According to WFTV, there were some within the commission that expressed concerns about the plan, especially about the use of taxpayer dollars that will be used to help pay for the convention space that will also be apart of the proposed entertainment complex.
In the deal, the city would also lose all revenue from the parking garage adjacent to the police headquarters, which adds up to about $300,000 a year in lost revenue. The city would also be obligated to complete Pine Street, which currently dead ends at the police headquarters.
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