Town of Luray Awards $1,000,000 Financial Services Contract to Hub Development Llc (February 2026)

The Town of Luray entered into a 20-year Industrial Revitalization Funds agreement with HUB Development, LLC tied to the 15 Campbell Street project. Under the DHCD-backed arrangement, $1,000,000 in principal will be repaid into future industrial revitalization efforts, supporting a 12–18 month construction schedule.

Scope & details

The full contract record, as filed.

Contract amount

$1,000,000

Contract type

FINANCIAL_SERVICES

Contract term

20 years (Industrial Revitalization Funds agreement)

Renewal

Twenty-year commitment under the DHCD IRF Grant/Loan program for industrial revitalization; no specific renewal or extension options described in the minutes.

Document type

Minutes

Source document

Town of Luray Council Meeting Minutes February 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Luray?

Hub Development Llc was awarded this financial services contract by Town of Luray, as recorded on February 9, 2026. The contract value is $1,000,000.

How much is the Hub Development Llc contract with Town of Luray worth?

The Hub Development Llc contract with Town of Luray is valued at $1,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Town of Luray Council Meeting Minutes February 2026 (Minutes), dated February 9, 2026 from Town of Luray. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hub Development Llc hold?

Hub Development 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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