City of Edwardsville City Council Meeting Agenda Packet 2026-05-26
City Considers Incentive Deal for Elevated Ventures Project
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Description
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.
Contract Details
Contract Amount
Estimated $14 million capital costs, 65% tax abatement over 10 years, IRB sales tax abatement for construction materials; PILOT as described
Vendor
ELEVATED VENTURES GROUP
Agency
City of Edwardsville, KS
Contract Type
OTHER
Document Date
May 26, 2026
Contract Term
10 years (tax abatement and IRB incentives)
Renewal Date
2036-05-26
Renewal Info
Planned term is 10 years tax abatement; specific renewal/extension options to be addressed in final development agreement.
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