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City of Newport Awards $5,000,000 Bond Issuance Contract to Nxg Holdings (May 2025)

City of Newport
Disclosed value
$5,000,000
From meeting minutes
Approved
May 19, 2025

The 30-second brief

What it covers

The City of Newport approved the issuance of taxable industrial building revenue bonds not to exceed $5 million for NXG Holdings, LLC to finance the acquisition and construction of an industrial building facility to be leased to the company.

Who holds it

Nxg Holdings holds this bond issuance contract with City of Newport. Its other public contracts on record include work for Housing Authority of Newport.

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Contract details

Contract type
Bond Issuance
Amount
$5,000,000
Document date
May 19, 2025
Term
NA
Vendor
Nxg Holdings
Agency
City of Newport
Source document
city-of-newport-meeting-minutes-2025-05-19_1cb.pdf (Meeting Minutes)

Nxg Holdings's other public contracts

Housing Authority of Newport, KentuckyNewport to Finance NXG Holdings with $5M Bonds · Oct 20, 2025$5MHousing Authority of Newport, KentuckyNXG Holdings Gets Green Light for $5M Expansion · May 19, 2025$5MAll Nxg Holdings contractsVendor profile

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Questions about this contract

Who was awarded the bond issuance contract by City of Newport?

Nxg Holdings was awarded this bond issuance contract by City of Newport, as recorded on May 19, 2025. The contract value is $5,000,000.

How much is the Nxg Holdings contract with City of Newport worth?

The Nxg Holdings contract with City of Newport is valued at $5,000,000, covering bond issuance work.

What type of contract is this?

This is a Bond Issuance contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-newport-meeting-minutes-2025-05-19_1cb.pdf (Meeting Minutes), dated May 19, 2025 from City of Newport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Nxg Holdings hold?

Nxg Holdings 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 Newport currently buying?

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

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