WORCESTER – The city has reached an agreement with the Architectural Heritage Foundation for the sale and redevelopment of the Worcester Memorial Auditorium. Under the agreement, the Boston-based historic preservation group will purchase the historic city-owned building for $450,000 and projects investing a total of $94 million in redeveloping it, according to City Manager Edward M. Augustus Jr.

The Worcester Memorial Auditorium will be sold to a historic property architecture firm for $450,000 to make way for the firm’s planned $94-million redevelopment of the 87-year-old building vacant since 1999. City Manager Edward Augustus is slated to bring the news to the City Council next Tuesday, according to documents released by the city Thursday. The council will be asked to approve the sale to Boston-based Architectural Heritage Foundation.

The Architectural Heritage Foundation, a Boston-based preservation group, has agreed to purchase the iconic Worcester Auditorium for $450,000, according to the city manager, with a plan to transform the building into an innovative technology, arts and education center.

The City has agreed to sell the Worcester Memorial Auditorium to the Architectural Heritage Foundation. The Aud is being sold for $450,000 and looks to invest a total of $94M into redeveloping it.

WORCESTER — City Manager Edward M. Augustus Jr. intends to submit a recommendation to the City Council later this month regarding the future of the long-vacant Worcester Memorial Auditorium. Mr. Augustus told the council, which met in Finance Committee Tuesday to review his fiscal 2020 municipal budget recommendation, that he is in the process of negotiating final details with the Architectural Heritage Foundation.