Proscenium A Go Go

The Herald's reporting the city has given the go-ahead to the massive Proscenium project on 41 downtown.

From the article:

"In adopting plans for a Hospitality Regional Activity Center and a "proportional fair share agreement" for the planned $1 billion real estate development, commissioners opted for jobs and tax revenue over fears of congestion.

Proscenium, with office space and shops, more than 200 upscale condominiums and an 800-seat theater, is expected to generate roughly $2.8 million a year in property taxes and house more than 1,000 workers -- though many will likely come from existing office users -- when completed in 2011."

Story Link