CONTRACTAPPROVED

City of Charlottesville Awards $50,000,000 Revenue Bond Contract to Alumni Association of the University of Virginia (August 2025)

City of Charlottesville logoCity of Charlottesville
Disclosed value
$50,000,000
From agenda
Approved
Aug 12, 2025
Term
40 years

The 30-second brief

What it covers

Charlottesville Economic Development Authority approves $50M revenue bond for Alumni Association, aiding demolition of Alumni Hall and construction of a new facility, contributing to the "Plan of Finance".

Who holds it

Alumni Association of the University of Virginia holds this revenue bond contract with City of Charlottesville.

What happens next

Term as filed: 40 years.

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Contract details

Contract type
Revenue Bond
Amount
$50,000,000
Document date
August 12, 2025
Term
40 years
Source document
charlottesville-economic-development-authority-meeting-agenda-august-12-2025_19e.pdf (Agenda)

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Questions about this contract

Who was awarded the revenue bond contract by City of Charlottesville?

Alumni Association of the University of Virginia was awarded this revenue bond contract by City of Charlottesville, as recorded on August 12, 2025. The contract value is $50,000,000.

How much is the Alumni Association of the University of Virginia contract with City of Charlottesville worth?

The Alumni Association of the University of Virginia contract with City of Charlottesville is valued at $50,000,000, covering revenue bond work.

What type of contract is this?

This is a Revenue Bond contract, documented as a agenda record.

Where was this contract approved?

This contract appears in charlottesville-economic-development-authority-meeting-agenda-august-12-2025_19e.pdf (Agenda), dated August 12, 2025 from City of Charlottesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Alumni Association of the University of Virginia hold?

Alumni Association of the University of Virginia may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Charlottesville currently buying?

Explore City of Charlottesville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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