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Industrial Revenue Bondpending

city-of-fort-wright-meeting-minutes-2024-08-07_5ef.pdf

Towne Properties Pursues $16M Expansion with IRB

$16,000,000City of Fort WrightTOWNE PROPERTIESAugust 7, 2024

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Towne Properties seeks IRB for $16 million Wright's Point Apartments expansion, expecting 14-month construction start in Winter 2024/Spring 2025. The city will issue a conduit bond and the project includes paying 100% taxes.

Contract Details

Contract Amount

$16,000,000

Vendor

TOWNE PROPERTIES

Agency

City of Fort Wright, KY

Contract Type

Industrial Revenue Bond

Document Date

August 7, 2024

Contract Term

30 years

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