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The IDA reviewed three bids to demolish Building C, ranging from $399,000 to $755,344, but did not select a contractor. The board discussed funding of up to $300,000 from the City and a potential matching contribution from the IDA, while City Council reported a $1.7 million budget deficit.
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The board is still weighing whether and how to proceed with demolishing Building C. The lowest bid does not include some additional costs, while the highest includes asbestos abatement and other work. No demolition contract was approved at this meeting.
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