CONTRACTAPPROVED

City of Bridgeport Awards $100,000,000 Tax Incentive Contract to Sp Residential 1 (January 2022)

Disclosed value: $100,000,000; From minutes
Approved: Jan 3, 2022
Term: 12 years

What it covers

Bridgeport City Council approves tax incentive for Steelpointe residential project, aiming to stimulate economic growth and housing development. The agreement involves a $100 million investment and a phased-in tax payment schedule over 12 years.

Who holds it

Sp Residential 1 holds this tax incentive contract with City of Bridgeport.

What happens next

Term as filed: 12 years.

See who signed off on this $100M contract.

See who signed off

Free account · 30-second setup · No credit card

Contract details

Contract type: Tax Incentive
Amount: $100,000,000
Document date: January 3, 2022
Term: 12 years
Vendor: Sp Residential 1
Agency: City of Bridgeport
Source document: city-of-bridgeport-city-council-minutes-capital-plan-tax-incentives-grant-programs-jan-3-2022_e22.pdf (Minutes)

Sp Residential 1's other public contracts

City of Bridgeport, AlabamaSteelpointe Residential Tax Incentive Agreement Approved · Jan 3, 2022$100M City of Bridgeport, OklahomaSteelpointe Development Gets Tax Incentive Approval · Jan 3, 2022$100M City of Bridgeport, ConnecticutTax Incentive for Steelpointe Development Approved · Jan 3, 2022$100M All Sp Residential 1 contractsVendor profile

More City of Bridgeport contracts

AWCBridgeport Council to Consider AWC Services Renewal · Oct 19, 2026Undisclosed AWCAWC Drug and Alcohol Consortium Agreement Listed · Sep 14, 2026Undisclosed AWCAWC Drug and Alcohol Consortium Agreement · Sep 14, 2026Undisclosed Highlands AssociatesCouncil Considers PUG Project Supplement With Highlands · Aug 19, 2026Undisclosed Lowell's CornerstoneCouncil Reviews Final Progress Estimate for Lowell’s · Aug 19, 2026Undisclosed All City of Bridgeport activityAgency profile

Questions about this contract

Who was awarded the tax incentive contract by City of Bridgeport?

Sp Residential 1 was awarded this tax incentive contract by City of Bridgeport, as recorded on January 3, 2022. The contract value is $100,000,000.

How much is the Sp Residential 1 contract with City of Bridgeport worth?

The Sp Residential 1 contract with City of Bridgeport is valued at $100,000,000, covering tax incentive work.

What type of contract is this?

This is a Tax Incentive contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city-of-bridgeport-city-council-minutes-capital-plan-tax-incentives-grant-programs-jan-3-2022_e22.pdf (Minutes), dated January 3, 2022 from City of Bridgeport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

What other contracts does Sp Residential 1 hold?

Sp Residential 1 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 Bridgeport currently buying?

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

Work in government? Get Civic IQ free →

More City of Bridgeport contracts →Browse all agencies in Washington →