TIF

Margaret J. Krauss / 90.5 WESA

It could be 60 more days before the future of the Strip District’s Produce Terminal is finally decided.

On Thursday, the board of the Urban Redevelopment Authority approved an extension of lease negotiations between the building’s longtime tenant, the nonprofit Society for Contemporary Craft and developer McCaffery Interests.

Margaret J. Krauss / 90.5 WESA

A contract to redevelop the Strip District’s Produce Terminal building is close to being finalized, city officials said Wednesday.

Dan Gilman, the mayor’s chief of staff, said it’s a complex deal but the parties were working through some critical final details with developer Dan McCaffery of McCaffery Interests.

“And Dan has to get his numbers to work,” Gilman said. “We’re asking for a significant investment of his money and the public’s money into this.”

The project is expected to cost $62.6 million.