City of Hobart Awards Construction Contract to Becknell Industrial Llc (November 2023)

On February 2, 2022, the City of Hobart Redevelopment Commission approved a predevelopment agreement with Becknell Industrial, LLC for a major industrial park project in the 61st Avenue and SR 51 Economic Development Area. The agreement anticipated a $3.3 million contribution to the City and approximately $150.77 million in construction costs for the park, tied to TIF-funded road and roundabout improvements.

Document date · November 20, 2023

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Scope & details

The full contract record, as filed.

Contract amount

Company contribution of $3,300,000; anticipated $150,770,000 in construction costs for the Park

Contract type

CONSTRUCTION

Renewal date

2023-11-20

Renewal

Predevelopment agreement was later rescinded by Resolution 2023-08 adopted November 20, 2023, due to non-occurrence of the contemplated development and improvements.

Document type

Resolution

Source document

City of Hobart Redevelopment Commission Resolution 2023-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Hobart?

Becknell Industrial Llc was awarded this construction contract by City of Hobart, as recorded on November 20, 2023. The contract value is Company contribution of $3,300,000; anticipated $150,770,000 in construction costs for the Park.

How much is the Becknell Industrial Llc contract with City of Hobart worth?

The Becknell Industrial Llc contract with City of Hobart is valued at Company contribution of $3,300,000; anticipated $150,770,000 in construction costs for the Park, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a resolution record.

Where was this contract approved?

This contract appears in City of Hobart Redevelopment Commission Resolution 2023-08 (Resolution), dated November 20, 2023 from City of Hobart. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Becknell Industrial Llc hold?

Becknell Industrial Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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