The Independent Arts Collaborative (what an oxymoron!) has made a down payment on is the former City of Houston planning and permits building at 3400 Main St. in Houston as the site for a brand new multi-venue for arts across the street from the HCC light rail stop. Catastrophic Theatre, DiverseWorks, Main Street Theater and Suchu Dance plan to co-locate and share administrative chores, moving out of the ad-hoc warehouses and underutilized commercial buildings that had nurtured them, and into a less forbidding (less run-down) digs in hopes of attracting flocks of un-streetwise yuppies to fringey art performances. If they can raise the $22 million for the shiny new building, the city has agreed to hand back $6 million in taxes over 15 years. It’s all part of a development scheme involving nearby blocks on Main owned by developer Bob Schultz.