CONTRACTAPPROVED

City of New Albany city Awards Agreement Contract to Montauk Innovations (April 2025)

Disclosed value: $500 million; From meeting minutes
Approved: Apr 1, 2025

What it covers

Agreement is for 100% real property tax abatement for 15 years. The project includes the construction of 1 data center totaling 275,000 square feet. Project investment was $500 million. Expected to begin in December 2025 and be completed by June 30, 2027.

Who holds it

Montauk Innovations holds this agreement contract with City of New Albany city. Its other public contracts on record include work for Town of New Albany and City of New Albany.

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Contract details

Contract type: Agreement
Amount: $500 million
Document date: April 1, 2025
Term: NA
Vendor: Montauk Innovations
Agency: City of New Albany city
Source document: city-of-new-albany-citymeeting-minutes2025-04-01_26f.pdf (Meeting Minutes)

Montauk Innovations's other public contracts

Town of New Albany, IndianaMontauk Innovations Receives Tax Abatement for Data Center · Apr 1, 2025$500 million Town of New Albany, IndianaAgreement with Montauk Innovations for reinvestment area · Apr 1, 2025Undisclosed Town of New Albany, IndianaFirst Amended and Restated Community Reinvestment Area Agreement Approved · Apr 1, 2025Undisclosed City of New Albany, Mississippicity-of-new-albany-agenda-2025-04-01_400.pdf · Apr 1, 2025Undisclosed City of New Albany city, Ohiocity-of-new-albany-cityresolution2025-04-01_7ea.pdf · Apr 1, 2025Undisclosed All Montauk Innovations contractsVendor profile

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Questions about this contract

Who was awarded the agreement contract by City of New Albany city?

Montauk Innovations was awarded this agreement contract by City of New Albany city, as recorded on April 1, 2025. The contract value is $500 million.

How much is the Montauk Innovations contract with City of New Albany city worth?

The Montauk Innovations contract with City of New Albany city is valued at $500 million, covering agreement work.

What type of contract is this?

This is a Agreement contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-new-albany-citymeeting-minutes2025-04-01_26f.pdf (Meeting Minutes), dated April 1, 2025 from City of New Albany city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Montauk Innovations hold?

Montauk Innovations 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 New Albany city currently buying?

Explore City of New Albany city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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