OTHERPENDING

Council Considers Major Tax Incentive for Elevated Ventures Project

The City Council is considering an incentive agreement with Elevated Ventures Group for development of a flex-use business project totaling roughly $14 million in capital costs. Incentives include a 65% tax abatement over 10 years and an annual $26,000 community benefit payment. The agreement is pending approval and public hearings.

Status
PENDING
Document date
June 8, 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 in capital costs; 65% tax abatement over 10 years; $26,000 annual community benefit payment; property tax payment est. $282,112 (first 10 years)
Contract type
OTHER
Contract term
10 years
Renewal date
2036-06-08
Renewal
Not specified; agreement is for a fixed 10-year abatement term tied to project phases.
Document type
AgendaPacket
Source document
City of Edwardsville City Council Meeting Agenda Packet 2026-06-08

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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 June 8, 2026. The contract value is Estimated $14 million in capital costs; 65% tax abatement over 10 years; $26,000 annual community benefit payment; property tax payment est. $282,112 (first 10 years).

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 in capital costs; 65% tax abatement over 10 years; $26,000 annual community benefit payment; property tax payment est. $282,112 (first 10 years).

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 2026-06-08 (AgendaPacket), dated June 8, 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.

View Elevated Ventures Group's profile

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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