Madison Extends Letter of Intent with Shoreline Arts Alliance: Report

Madison, CT - For those of you holding out hope that the former Academy School will one day be turned into a cultural arts center there is once again renewed hope.

The Madison Board of Selectmen voted this week to extend it's letter of intent with the Shoreline Arts Alliance from July 1 by another 60 days in order to allow both sides to continue negotiations on a possible lease agreement, the Madison Source reports.

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The SAA and the town have had differing views regarding the structure of a potential lease and financing of the project. The Source previously reported that some developers were starting to eye the parcel and expressed interest in the land.

The extension will continue to allow negotiations to continue.

Read the full Madison Source story here.