CONTRACTAPPROVED

City of Fate Awards $15,000,000 Economic Incentives Contract to Gulf Coast Commercial (May 2025)

Disclosed value: $15,000,000; From agenda
Approved: May 5, 2025

What it covers

City will reimburse the developer for the actual cost of infrastructure, not to exceed $15 million.The contract term is 10 years (2028 through 2037), plus 2027 if anchor stores open in 2027

Who holds it

Gulf Coast Commercial holds this economic incentives contract with City of Fate. Its other public contracts on record include work for Town of Blanket and Naples Municipal Airport.

What happens next

Term as filed: 10 years (2028 through 2037), plus 2027 if anchor stores open in 2027.

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Contract details

Contract type: Economic Incentives
Amount: $15,000,000
Document date: May 5, 2025
Term: 10 years (2028 through 2037), plus 2027 if anchor stores open in 2027
Vendor: Gulf Coast Commercial
Agency: City of Fate
Source document: city_council_regular_meeting_agenda_may_5_2025.pdf (Agenda)

Gulf Coast Commercial's other public contracts

Town of Blanket, TexasGulf Coast Commercial Group gets $15M deal · Apr 14, 2025$15M Naples Municipal Airport, FloridaLease assignment from Gulf Coast Commercial Corporation to 531 Building, LLC approved · Feb 18, 2021Undisclosed All Gulf Coast Commercial contractsVendor profile

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Questions about this contract

Who was awarded the economic incentives contract by City of Fate?

Gulf Coast Commercial was awarded this economic incentives contract by City of Fate, as recorded on May 5, 2025. The contract value is $15,000,000.

How much is the Gulf Coast Commercial contract with City of Fate worth?

The Gulf Coast Commercial contract with City of Fate is valued at $15,000,000, covering economic incentives work.

What type of contract is this?

This is a Economic Incentives contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city_council_regular_meeting_agenda_may_5_2025.pdf (Agenda), dated May 5, 2025 from City of Fate. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Gulf Coast Commercial hold?

Gulf Coast Commercial 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 Fate currently buying?

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

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