Two leases for portions of the former Schlumberger property in Ridgefield will be voted on tonight by Ridgefield residents. A Special Town Meeting is being held on the leases for the Philip Johnson Building and the structure known as the auditorium.
The lease for the Philip Johnson Building is with New Canaan-based design firm BassamFellows. It's $1 a year for 13 years, with the tenant paying a $600 a month common area maintenance fee. There are two renewal options, through 2046, with rent rising from $8,495 a month to $10,780 per month.
The Schlumberger theater lease is also for $1 a year, and is with ACT of Connecticut. The non-profit theater group was founded by four Ridgefield residents: Katie and Bill Diamond, Daniel Levine, and Bryan Perri. The lease calls for a $400 a month common area maintenance fee. ACT of Connecticut's lease is for five years, and renewable in five year increments for up to 20 years. The rent would increase to $2,000 a month for the final five year renewal option. The tenants would each be responsible for their own utility costs and liability insurance.
Ridgefield officials say the tenants could invest $1 million in renovations.
The town bought the 45-acre property in 2012 for $7 million.
