Cleveland State University Board of Trustees Meeting Minutes March 2025
Board Approves Fenn Tower Lease Extension with EADC
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Description
CSU's Board of Trustees approved amending the lease with Euclid Avenue Development Corporation to extend its term for Fenn Tower, enabling pursuit of historic tax credits for renovations.
Contract Details
Vendor
EUCLID AVENUE DEVELOPMENT CORPORATION
Agency
Cleveland State University, OH
Contract Type
FACILITIES
Document Date
March 20, 2025
Contract Term
To be extended by 27.5 years post renovation completion (currently ends August 1, 2044)
Renewal Info
Current lease ends August 1, 2044; will be extended to 27.5 years post-rehabilitation as required for federal and state historic tax credit eligibility.
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