Volume 4, Issue 4 - Sept. 23, 1981

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~~~~[!)~~ ·NEWS: A peaceful film showing last Friday night at the Student Center turned into much more.

NEWS: A misunderstood N/C policy is causing some anxiety.

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METROSTYLE:

Like films? You'll love this week's M/S offerings. ·

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SPORTS: MSC soccer team upped their record to 2-1 and made some history in the process. Page 13.

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Volume 4, -issue 4 ©Metropress September 23, 1981

Trlzec locked Into lease

·Tivoli tc;» be .developed, finally by Karen Breslin

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By spring of '83 Auraria's white elephant should be transformed Cnto 'Tivoli Brewery', an exclusive specialty shop, restaurant a11d entertainment complex, akin to San Francisco's · Ghirardelli Square or Boston's Quincy Market. l. The Tivoli brewery, listed with the National Register of Historic Places and the state historical society is being developed by Canadian-based Trizec Western, t;Inc. Triiec first signed a lease with AHEC in May, 1980. The lease was contingent on state and city approval of architectural plans ~oeind Trizec's ability to secure both ing the building plans and liquor financing for the $20 million licenses took about three months restoration project and liquor ,longer than Tri.Zee had originally licenses for the complex, _accor- anticipated, according to· Trizec ding to Jerry Wartgow, ex~utive attorney Frank Robinson. Though Trizec is using plans director of AHEC. "' One year after signing the lease purchased from a previous, nowTrizec requested and was granted defunct Tivoli development by the Auraria Board of Directors group any changes in plans had to a four-month extension on the be approved by city officials and lease meant to expire Sept. 15 at a historic preservation agencies, ~ .,-cost of $25,000 to Trizec. Clear- Robinson said.

Auraria officials breathed a sigh of relief: "On Sept. 15-all contingencies were removed and all conditions of the lease were satisfied and Trizec was into a 62 year lease." Wartgow said. "W~ feel just delight.e d with Trizec Corporation," Wartgow added. They are a major Canadian firm-one of the largest-with a history of sue- . cessful operations of shopping centers." · Terms of -the lease provide a yearly rehtal figure (Trizec has already paid approximately $88,000 in fiist year option fees) and percentage of sales from the complex with all proceeds pledged to student center and parking bond fees. · .. Our hope is that sometime in the future it will be possible to provide students with no bond fee and free parking for students and faculty,'' W artgow said. Two parking lots adjacent to Tivoli, according to Wartgow, will go to Trizec. The lost parking

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Robinson further attributes the delay tp Trizec's commitment to quality. "You've got to r~gnize that the earmarkings - of somebody cautious is that they are thorough," Robinson siad. "It's the guy · who's flippant and doesn't do his homework · and takes unnecessary risks when nothing happens." When Sept. 14 came around

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