Bridgeport Considers Tax Incentives for Fuel Cell Project
Housing Authority of the city of BridgeportLocal Housing Authority · Bridgeport, CT- Disclosed value
- $1,500,000
- From agenda
- Document date
- Nov 6, 2023
- Term
- 20 years
The 30-second brief
Bridgeport City Council is considering a tax incentive development agreement with VFS LLC for a fuel cell project at 1225 Central Avenue. VFS LLC will invest approximately $15 million in the project, and in return, the city will establish a fixed annual combined real and personal property tax payment schedule for 20 years, totaling $1.5 million.
VFS holds this tax incentive contract with Housing Authority of the city of Bridgeport. Its other public contracts on record include work for Martin County School District and Town of Sharon.
Term as filed: 20 years.
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Contract details
- Contract type
- Tax Incentive
- Amount
- $1,500,000
- Document date
- November 6, 2023
- Term
- 20 years
- Vendor
- VFS
- Source document
- bridgeport-city-council-agenda-fuel-cell-project-blighted-property-acquisitions-nov-6-2023_8a2.pdf (Agenda)
VFS's other public contracts
More Housing Authority of the city of Bridgeport contracts
Questions about this contract
Who was awarded the tax incentive contract by Housing Authority of the city of Bridgeport?
VFS was awarded this tax incentive contract by Housing Authority of the city of Bridgeport, as recorded on November 6, 2023. The contract value is $1,500,000.
How much is the VFS contract with Housing Authority of the city of Bridgeport worth?
The VFS contract with Housing Authority of the city of Bridgeport is valued at $1,500,000, covering tax incentive work.
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-fuel-cell-project-blighted-property-acquisitions-nov-6-2023_8a2.pdf (Agenda), dated November 6, 2023 from Housing Authority of the city of Bridgeport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does VFS hold?
VFS 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 Housing Authority of the city of Bridgeport currently buying?
Explore Housing Authority of the city of Bridgeport's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.