$22.5M Bond Authorization for BnB Theater Entertainment Complex
Manassas Park City Public SchoolsSchool · Manassas Park, VA- Disclosed value
- $22,500,000 maximum (covers $17,500,000 construction, two years capitalized interest, $500,000 issuance costs)
- From minutes
- Document date
- Nov 19, 2024
- Renews
- Free account
The 30-second brief
The City of Manassas Park authorized up to $22.5 million in Industrial Revenue Bonds to finance the construction and fit-out of a luxury 8-screen entertainment complex, with BnB as the operator. The project includes lease and property sale agreements, with bonds to be offered in February 2025 and a 15–20 year financing/refinance period.
BNB holds this construction contract with Manassas Park City Public Schools. Its other public contracts on record include work for City of Lawton and North Houghton County Water And Sewer Authority.
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Contract details
- Contract type
- Construction
- Amount
- $22,500,000 maximum (covers $17,500,000 construction, two years capitalized interest, $500,000 issuance costs)
- Document date
- November 19, 2024
- Term
- First payment due January 15, 2027; construction and equipping to begin after February 2025, design (6 months), build (12-14 months); refinance targeted at 15/20-years
- Renews
- On record
- Vendor
- BNB
- Source document
- manassas-park-city-governing-body-eda-minutes-new-entertainment-venue-bonds-nov-19-2024_e62.md (Minutes)
BNB's other public contracts
More Manassas Park City Public Schools contracts
Questions about this contract
Who was awarded the construction contract by Manassas Park City Public Schools?
BNB was awarded this construction contract by Manassas Park City Public Schools, as recorded on November 19, 2024. The contract value is $22,500,000 maximum (covers $17,500,000 construction, two years capitalized interest, $500,000 issuance costs).
How much is the BNB contract with Manassas Park City Public Schools worth?
The BNB contract with Manassas Park City Public Schools is valued at $22,500,000 maximum (covers $17,500,000 construction, two years capitalized interest, $500,000 issuance costs), covering construction work.
What type of contract is this?
This is a Construction contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in manassas-park-city-governing-body-eda-minutes-new-entertainment-venue-bonds-nov-19-2024_e62.md (Minutes), dated November 19, 2024 from Manassas Park City Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does BNB hold?
BNB 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 Manassas Park City Public Schools currently buying?
Explore Manassas Park City Public Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.