City of Odessa Development Corporation Minutes April 9, 2026
ODC awards $10M grant for Odessa College downtown project
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Description
The Odessa Development Corporation approved a $10,000,000 grant to Odessa College to support a $48.5 million downtown building for business, hospitality, welding, and workforce development programs. The grant will be disbursed in three installments tied to time and construction milestones.
Contract Details
Contract Amount
$10,000,000
Vendor
ODESSA COLLEGE
Agency
City of Odessa city, TX
Contract Type
OTHER
Document Date
April 9, 2026
Renewal Info
Grant to be paid in three installments: $5 million upfront, $2.5 million the following year, and $2.5 million after construction starts.
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