OTHERPENDING

City of Edwardsville City Council Meeting Agenda Packet 2026-06-08

Council Considers Major Tax Incentive for Elevated Ventures Project

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)City of EdwardsvilleELEVATED VENTURES GROUPJune 8, 2026

Trusted by teams at

Description

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.

Contract Details

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)

Vendor

ELEVATED VENTURES GROUP

Agency

City of Edwardsville, KS

Contract Type

OTHER

Document Date

June 8, 2026

Contract Term

10 years

Renewal Date

2036-06-08

Renewal Info

Not specified; agreement is for a fixed 10-year abatement term tied to project phases.

Issuing Agency