Downtown Laguna Beach received a boost on Tuesday, as the City Council approved a deal with Visit Laguna Beach, a tourism marketing organization, to secure up to an estimated $5.5 million over the next decade.
Under the agreement the city would receive an annual contribution of approximately $500,000 each fiscal year through June 30, 2035, provided the tourism marketing district is extended beyond next year.
The initial $500,000 contribution will be broken down into two parts, with $200,000 going toward space for artists to both live and work upon signing. The remainder will be paid out in March…