In addition, a new Performance Schedule and a Consent to Lease was approved at the CRA Board of Commissioners meeting on December 11, 2019. The project is on schedule for a December 2020 Grand Opening.
McCollum Redevelopment Associates, LLC, through its partner Reva Development Corporation, has secured a $1.8 million funding commitment to complete the restoration of McCollum Hall. The Developer will close on this financing by December 31, 2019.
A summary of the Performance Schedule approved on December 11 by the Fort Myers Community Redevelopment Agency (CRA) Board of Commissioners is below:
November 15, 2019 Financing Commitment for Construction
December 15, 2019 Close on Financing
March 15, 2020 100% Construction Drawings to Landlord
April 25, 2020 Plans and Specifications submitted to City of Fort Myers Building
April 30, 2020 Commence Construction
December 30, 2020 Substantial Completion of all improvement