A trio of nonprofits wants to partner with Carrboro to build a four-story “Arts & Innovation Center” downtown.

The ArtsCenter and Kidzu are asking the Town of Carrboro to build a 55,000 square foot building across the street from Armadillo Grill to be known as the Carrboro Arts & Innovation Center.

The proposal calls for the lot at the corner of Robeson and Main Streets to be donated to the town, which currently leases the property for parking.

Carrboro would contribute $4.5 million of the $12.1 million construction cost for the building. Some of that money would be generated by a new hotel proposed for the site of the current ArtsCenter. The nonprofits would raise the rest through donations, foundations and grants.

Under the current plan the town would own the building and lease it to the three groups in partnership.

The Board of Aldermen voted 6-1 on Tuesday to hold a public hearing on the plan when meetings resume in January. The hearing is scheduled for January 20, 2015.You can find out more here.