THA Finalizes Agreement for Rhodes Building

Over the course of the last 30 years the Rhodes building has passed from one institution to another. The UPS Law School took it over in 1980 after it had nearly been destroyed. Then the law school was sold to Seattle University and the building was sold to the State of Washington. Seattle University finally moved the law school out of the building in 1999. In February of this year, it was reported that the State was losing millions on it annually with millions more in deferred maintenance.

Which brings us to September, when the Tacoma Housing Authority met and authorized their Executive Director to negotiate a purchase and bring it back to the board for approval.

In April, the Tacoma Housing Authority was granted the authority to become a Public Corporation in conjunction with the City, in order to move forward on the acquiring and operating of the Rhodes Center building.

Now, according to the Biz Buzz, the deal has been finalized between the THA and the State.

Link to The News Tribune

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