Town of Marion Awards Facilities Contract to Bw Development (December 2025)
Town of MarionCity · Marion, IN- Disclosed value
- $16.5 million project; $800,000 annual NOI guarantee (concept)
- From minutes
- Approved
- Dec 12, 2025
- Term
- 10-year master lease concept
The 30-second brief
The Marion Redevelopment Commission approved a non-binding Letter of Intent with BW Development for a $16.5 million mixed-use project in downtown Marion, featuring a 10-year master lease concept with an $800,000 annual net operating income guarantee financed through TIF bonds.
Bw Development holds this facilities contract with Town of Marion. Its other public contracts on record include work for City of Fishers.
Term as filed: 10-year master lease concept.
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Contract details
- Contract type
- Facilities
- Amount
- $16.5 million project; $800,000 annual NOI guarantee (concept)
- Document date
- December 12, 2025
- Term
- 10-year master lease concept
- Vendor
- Bw Development
- Agency
- Town of Marion
- Source document
- Marion Redevelopment Commission Meeting Minutes December 2025 (Minutes)
Bw Development's other public contracts
More Town of Marion contracts
Questions about this contract
Who was awarded the facilities contract by Town of Marion?
Bw Development was awarded this facilities contract by Town of Marion, as recorded on December 12, 2025. The contract value is $16.5 million project; $800,000 annual NOI guarantee (concept).
How much is the Bw Development contract with Town of Marion worth?
The Bw Development contract with Town of Marion is valued at $16.5 million project; $800,000 annual NOI guarantee (concept), covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Marion Redevelopment Commission Meeting Minutes December 2025 (Minutes), dated December 12, 2025 from Town of Marion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bw Development hold?
Bw Development 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 Town of Marion currently buying?
Explore Town of Marion's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.