City Okays $52M+ Infrastructure Deal with Crescent River District LLC
City of CharlotteCity · Charlotte, NC- Disclosed value
- Not to exceed $25,000,000 (Tax Increment Grant TIG); not to exceed $27,000,000 (infrastructure reimbursement); up to $900,000 (water main); up to $400,000 (sewer)
- From agenda
- Document date
- Aug 28, 2023
- Renews
- Free account
The 30-second brief
City Council approved updated and expanded agreements with Crescent River District LLC for infrastructure improvements supporting major redevelopment in the River District, including $25 million in TIGs and $27 million in city infrastructure reimbursements.
Crescent River District LLC holds this construction contract with City of Charlotte.
The renewal date is on record. A free account shows it, with the renewals for every City of Charlotte contract.
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Contract details
- Contract type
- Construction
- Amount
- Not to exceed $25,000,000 (Tax Increment Grant TIG); not to exceed $27,000,000 (infrastructure reimbursement); up to $900,000 (water main); up to $400,000 (sewer)
- Document date
- August 28, 2023
- Term
- Up to 15 years for TIG, multi-year reimbursement on infrastructure/utility projects
- Renews
- Free account
- Agency
- City of Charlotte
- Source document
- city_council_business_meeting_agenda_august_28_202.pdf (Agenda)
Crescent River District LLC's other public contracts
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Questions about this contract
Who was awarded the construction contract by City of Charlotte?
Crescent River District LLC was awarded this construction contract by City of Charlotte, as recorded on August 28, 2023. The contract value is Not to exceed $25,000,000 (Tax Increment Grant TIG); not to exceed $27,000,000 (infrastructure reimbursement); up to $900,000 (water main); up to $400,000 (sewer).
How much is the Crescent River District LLC contract with City of Charlotte worth?
The Crescent River District LLC contract with City of Charlotte is valued at Not to exceed $25,000,000 (Tax Increment Grant TIG); not to exceed $27,000,000 (infrastructure reimbursement); up to $900,000 (water main); up to $400,000 (sewer), covering construction work.
What type of contract is this?
This is a Construction contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in city_council_business_meeting_agenda_august_28_202.pdf (Agenda), dated August 28, 2023 from City of Charlotte. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Crescent River District LLC hold?
Crescent River District 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.
What is City of Charlotte currently buying?
Explore City of Charlotte's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.