Council Considers Major Tax Incentive for Elevated Ventures Project
City of EdwardsvilleCity · Edwardsville, KS- Disclosed value
- 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)
- From agendapacket
- Document date
- Jun 8, 2026
- Term
- 10 years
- Renews
- Free account
The 30-second brief
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.
Elevated Ventures Group holds this contract with City of Edwardsville.
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Contract details
- 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)
- Document date
- June 8, 2026
- Term
- 10 years
- Renews
- On record
- Vendor
- Elevated Ventures Group
- Agency
- City of Edwardsville
- Source document
- City of Edwardsville City Council Meeting Agenda Packet 2026-06-08 (AgendaPacket)
Elevated Ventures Group's other public contracts
More City of Edwardsville contracts
Questions about this contract
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.
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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.
What is City of Edwardsville currently buying?
Explore City of Edwardsville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.