Kent Considers Revised CRA Deal With Pingree 2000
City of KentCity · Kent, OH- Disclosed value
- Real property tax exemption on $1,626,762 in renovations (within total $14,406,762 investment)
- From agendapacket
- Document date
- May 30, 2026
- Renews
- Free account
The 30-second brief
The City of Kent is considering a revised CRA II agreement with Pingree 2000 Real Estate Holdings, LLC to grant a 75% real property tax exemption on improvements to 1225 West Main Street for twelve years. The agreement supports a $14.4 million redevelopment investment while requiring job relocation and retention commitments.
Pingree 2000 Real Estate Holdings LLC holds this financial services contract with City of Kent.
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Contract details
- Contract type
- Financial Services
- Amount
- Real property tax exemption on $1,626,762 in renovations (within total $14,406,762 investment)
- Document date
- May 30, 2026
- Term
- Twelve (12) years; exemption not to commence after December 31, 2026 nor extend beyond December 31, 2038
- Renews
- On record
- Agency
- City of Kent
- Source document
- City of Kent Council Committee Meeting Agenda Packet 2026-06-03 (AgendaPacket)
Pingree 2000 Real Estate Holdings LLC's other public contracts
More City of Kent contracts
Questions about this contract
Who was awarded the financial services contract by City of Kent?
Pingree 2000 Real Estate Holdings LLC was awarded this financial services contract by City of Kent, as recorded on May 30, 2026. The contract value is Real property tax exemption on $1,626,762 in renovations (within total $14,406,762 investment).
How much is the Pingree 2000 Real Estate Holdings LLC contract with City of Kent worth?
The Pingree 2000 Real Estate Holdings LLC contract with City of Kent is valued at Real property tax exemption on $1,626,762 in renovations (within total $14,406,762 investment), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Kent Council Committee Meeting Agenda Packet 2026-06-03 (AgendaPacket), dated May 30, 2026 from City of Kent. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Pingree 2000 Real Estate Holdings LLC hold?
Pingree 2000 Real Estate Holdings LLC 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 Kent currently buying?
Explore City of Kent's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
