Civic IQ
CONTRACTPENDING
Get alerts

Project R50 Receives Favorable Review with PILOT request

City of Oak Ridge logoCity of Oak Ridge
Disclosed value
$235,000,000 + $43,000,000
From agenda
Document date
Oct 6, 2025
Term
15 year

The 30-second brief

What it covers

Favorable review for Project R50's PILOT request at Heritage Industrial Park with $235 million investment in Real Property, $43 million in Equipment value and 15 years period for 50% estimated tax savings.

Who holds it

Project R50 holds this pilot contract with City of Oak Ridge. Its other public contracts on record include work for Oak Ridge City School District.

What happens next

Term as filed: 15 year.

See who signed off on this contract.

See who signed off

Free account · 30-second setup · No credit card

Contract details

Contract type
Pilot
Amount
$235,000,000 + $43,000,000
Document date
October 6, 2025
Term
15 year
Vendor
Project R50
Agency
City of Oak Ridge
Source document
city-of-oak-ridge-industrial-development-board-meeting-agenda-october-6-2025_5c9.pdf (Agenda)

Project R50's other public contracts

City of Oak Ridge, TennesseeSale of land for project R50 approved by the board · Oct 6, 2025Oak Ridge City School District, TennesseeProject R50 Receives $50K Tax Break for Oak Ridge Facility · Oct 6, 2025$50KCity of Oak Ridge, TennesseeLong-Term PILOT Incentive Approved for Project R50 · Oct 6, 2025UndisclosedAll Project R50 contractsVendor profile

More City of Oak Ridge contracts

Insight Public Sector IncOak Ridge Proposes Insight Aurelian AI Public Safety Purchase · Oct 12, 2026UndisclosedGresham SmithOak Ridge Proposes Gresham Smith Substation Design Agreement · Oct 12, 2026UndisclosedRogers Group IncOak Ridge Adds $138,000 To Rogers Group Resurfacing Contract · Oct 12, 2026Mdi ContractingMDI Contracting Emergency Waterline Work Proposed · Oct 12, 2026Altec IndustriesAltec Utility Equipment Purchase Proposed by Oak Ridge · Oct 12, 2026$271.6KAll City of Oak Ridge activityAgency profile

Questions about this contract

Who was awarded the pilot contract by City of Oak Ridge?

Project R50 was awarded this pilot contract by City of Oak Ridge, as recorded on October 6, 2025. The contract value is $235,000,000 + $43,000,000.

How much is the Project R50 contract with City of Oak Ridge worth?

The Project R50 contract with City of Oak Ridge is valued at $235,000,000 + $43,000,000, covering pilot work.

What type of contract is this?

This is a Pilot contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-oak-ridge-industrial-development-board-meeting-agenda-october-6-2025_5c9.pdf (Agenda), dated October 6, 2025 from City of Oak Ridge. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

What other contracts does Project R50 hold?

Project R50 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 Oak Ridge currently buying?

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

Work in government? Get Civic IQ free →
More City of Oak Ridge contracts →Browse all agencies in Tennessee →