OTHERPENDING

City Considers Incentive Deal for Elevated Ventures Project

The City of Edwardsville is considering approval of an incentive agreement with Elevated Ventures Group for Project Bush, valued at an estimated $14 million and featuring significant tax abatements and IRB sales tax exemptions for a major business park development over 10 years.

Status
PENDING
Document date
May 26, 2026
Contract type
OTHER
Vendor
Elevated Ventures Group
Agency
City of Edwardsville · KS

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Estimated $14 million capital costs, 65% tax abatement over 10 years, IRB sales tax abatement for construction materials; PILOT as described
Contract type
OTHER
Contract term
10 years (tax abatement and IRB incentives)
Renewal date
2036-05-26
Renewal
Planned term is 10 years tax abatement; specific renewal/extension options to be addressed in final development agreement.
Document type
AgendaPacket
Source document
City of Edwardsville City Council Meeting Agenda Packet 2026-05-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Edwardsville?

Elevated Ventures Group was awarded this government contract by City of Edwardsville, as recorded on May 26, 2026. The contract value is Estimated $14 million capital costs, 65% tax abatement over 10 years, IRB sales tax abatement for construction materials; PILOT as described.

How much is the Elevated Ventures Group contract with City of Edwardsville worth?

The Elevated Ventures Group contract with City of Edwardsville is valued at Estimated $14 million capital costs, 65% tax abatement over 10 years, IRB sales tax abatement for construction materials; PILOT as described.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Edwardsville City Council Meeting Agenda Packet 2026-05-26 (AgendaPacket), dated May 26, 2026 from City of Edwardsville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Elevated Ventures Group hold?

Elevated Ventures Group 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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What is City of Edwardsville currently buying?

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

View City of Edwardsville's profile

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