City of Tuscaloosa Awards $65,100,000 Development Agreement Contract to Encore Tuscaloosa (May 2024)
City of TuscaloosaCity · Tuscaloosa, AL- Disclosed value
- $65,100,000.00
- From minutes
- Approved
- May 7, 2024
- Term
- Until December 31, 2048
The 30-second brief
City of Tuscaloosa authorizes $65.1 million development agreement with Encore Tuscaloosa, LLC for the McFarland Mall site, aiming to boost economic growth through revenue sharing and tax rebates until 2048.
Encore Tuscaloosa holds this development agreement contract with City of Tuscaloosa.
Term as filed: Until December 31, 2048.
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Contract details
- Contract type
- Development Agreement
- Amount
- $65,100,000.00
- Document date
- May 7, 2024
- Term
- Until December 31, 2048
- Vendor
- Encore Tuscaloosa
- Agency
- City of Tuscaloosa
- Source document
- city-of-tuscaloosa-city-council-meeting-synopsis-may-7-2024_c39.pdf (Minutes)
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Questions about this contract
Who was awarded the development agreement contract by City of Tuscaloosa?
Encore Tuscaloosa was awarded this development agreement contract by City of Tuscaloosa, as recorded on May 7, 2024. The contract value is $65,100,000.00.
How much is the Encore Tuscaloosa contract with City of Tuscaloosa worth?
The Encore Tuscaloosa contract with City of Tuscaloosa is valued at $65,100,000.00, covering development agreement work.
What type of contract is this?
This is a Development Agreement contract, documented as a minutes record.
Where was this contract approved?
This contract appears in city-of-tuscaloosa-city-council-meeting-synopsis-may-7-2024_c39.pdf (Minutes), dated May 7, 2024 from City of Tuscaloosa. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Encore Tuscaloosa hold?
Encore Tuscaloosa 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 Tuscaloosa currently buying?
Explore City of Tuscaloosa's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.