CONTRACTPENDING

Bridgeport Considers Tax Incentives for Historic Building Conversion

Document date: Jul 1, 2024
Term: 10 years

What it covers

Bridgeport City Council is considering a tax incentive development agreement with 430 John Street Realty LLC for a mixed-income, mixed-use historic restoration project at 430 John Street. The project involves a $20 million investment to convert the former AT&T building into 77 loft-style housing units, including 11 affordable units. The project is expected to generate $1.75 million in real estate tax revenue over 10 years.

Who holds it

430 John Street Realty holds this tax incentive contract with City of Bridgeport. Its other public contracts on record include work for Town of Bridgeport and Housing Authority of the city of Bridgeport.

What happens next

Term as filed: 10 years.

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Contract details

Contract type: Tax Incentive
Document date: July 1, 2024
Term: 10 years
Vendor: 430 John Street Realty
Agency: City of Bridgeport
Source document: bridgeport-city-council-agenda-tax-incentives-grant-submissions-jul-1-2024_e28.pdf (Agenda)

430 John Street Realty's other public contracts

City of Bridgeport, IllinoisTax Incentive for NuPower Fuel Cell Project · Jul 1, 2024$4.6M City of Bridgeport, IllinoisTax Incentive for AT&T Building Restoration Project · Jul 1, 2024$1.8M Town of Bridgeport, Wisconsin430 John Street Realty LLC Tax Incentive · Jul 1, 2024$1.8M Housing Authority of the city of Bridgeport, Connecticut430 John Street Realty Eyes $1.7M Tax Deal · Jul 1, 2024$1.8M All 430 John Street Realty contractsVendor profile

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Questions about this contract

Who was awarded the tax incentive contract by City of Bridgeport?

430 John Street Realty was awarded this tax incentive contract by City of Bridgeport, as recorded on July 1, 2024.

What type of contract is this?

This is a Tax Incentive contract, documented as a agenda record.

Where was this contract approved?

This contract appears in bridgeport-city-council-agenda-tax-incentives-grant-submissions-jul-1-2024_e28.pdf (Agenda), dated July 1, 2024 from City of Bridgeport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 430 John Street Realty hold?

430 John Street Realty may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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