FACILITIESAPPROVED

Town of Marion Awards Facilities Contract to Bw Development (December 2025)

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.

Status
APPROVED
Document date
December 12, 2025
Contract type
FACILITIES
Vendor
Bw Development
Agency
Town of Marion · IN

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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
$16.5 million project; $800,000 annual NOI guarantee (concept)
Contract type
FACILITIES
Contract term
10-year master lease concept
Renewal
Current action approves a non-binding Letter of Intent outlining a 10-year master lease concept; future definitive agreements and potential extensions will require separate approval.
Document type
Minutes
Source document
Marion Redevelopment Commission Meeting Minutes December 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

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.

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.

View Bw Development's 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.

View Town of Marion's profile

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