Tuesday, November 10, 2009
Cream / Hot Goss Positively Fourth Avenue: Rocketown to Be Sold for $5.6 Million, Moving
Posted by Steve Haruch on Tue, Nov 10, 2009 at 2:25 PM
J.R. Lind, SouthComm's resident bow-tie-wearing emo apologist, reports that Rocketown has found a new location and will be selling its current home to the city for a cool 5.6 milly:
To make way for the extension of Korean Veterans Boulevard, Metro will buy the teen-centered music venue Rocketown for $5.6 million.The Metro Development and Housing Agency board agreed to purchase the site at the corner of Sixth Avenue and Shirley Street Wednesday. ReGina Newkirk, Rocketown's executive director, said it was important the not-for-profit maintain its downtown presence.
"It's crucial to us to reach the youth we serve," she said.
Newkirk said Rocketown is close to finalizing a $6.2 million deal to purchase the Grooms Engine building on Fourth Avenue.
Apparently the new space will be smaller than the current location, but they are planning on offering the same stuff (music, skating, caffeine). Via Nashville Post.
I'm not good at math, but $6.2 million for a (smaller) new place and a $5.6 million deal for the existing location leaves about $600,000 unspoken-for. I guess that's why they have fundraisers.
Previously on Cream:
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