The owner of the proposed iPic luxury movie theater in downtown Delray Beach received a seventh extension of a purchase contract from the city’s Community Redevelopment Agency.
The agency extended the contract until Jan. 31 to allow time to reach an agreement with the city on the parking garage. “I feel strongly we need to move this project forward,” said Cathy Balestriere, CRA board member.
Most of her colleagues agreed while saying they were frustrated with the delay. The CRA will receive $3.6 million from the property sale to iPic.