Cleveland State University Board of Trustees Meeting Minutes March 2025
Fenn Tower Lease Amendment Approved for Historic Tax Credits
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Description
CSU approved a qualified lease amendment with Euclid Avenue Development Corporation, extending the Fenn Tower lease to enable historic tax credit applications. Term will run 27.5 years after renovations are completed.
Contract Details
Vendor
EUCLID AVENUE DEVELOPMENT CORPORATION
Agency
Cleveland State University, OH
Contract Type
FACILITIES
Document Date
March 20, 2025
Contract Term
Amended lease term: 27.5 years after rehabilitation completed and placed in service
Renewal Info
Lease extension necessary for historic tax credit eligibility; new term is 27.5 years after renovations are completed and placed in service.
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