OTHERPENDING

Authority Considers $100B Megasite Deal with SAC3 Acquisition

The Danville-Pittsylvania Regional Industrial Facility Authority will consider authorizing negotiation and execution of a Local Performance Agreement with SAC III Acquisition Co., LLC for at least $100 billion in capital investments and 2,500 new jobs at the Southern Virginia Megasite. The agreement would span a 30-year performance period for investments and 20 years for job creation.

Status
PENDING
Document date
May 18, 2026
Contract type
OTHER
Vendor
Sac Iii Acquisition Co Llc
Agency
City of Danville · VA

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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

Scope & details

The full contract record, as filed.

Contract amount
At least $100,000,000,000 over 30 years
Contract type
OTHER
Contract term
30-year performance period for capital investments; 20-year performance period for job creation
Renewal date
2056-05-18
Renewal
Performance agreement is expected to last 30 years for investments, with 20 years for job creation; no renewal clause specified yet.
Document type
Agenda
Source document
Danville-Pittsylvania Regional Industrial Facility Authority Agenda 2026-05-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Danville?

Sac Iii Acquisition Co Llc was awarded this government contract by City of Danville, as recorded on May 18, 2026. The contract value is At least $100,000,000,000 over 30 years.

How much is the Sac Iii Acquisition Co Llc contract with City of Danville worth?

The Sac Iii Acquisition Co Llc contract with City of Danville is valued at At least $100,000,000,000 over 30 years.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Danville-Pittsylvania Regional Industrial Facility Authority Agenda 2026-05-18 (Agenda), dated May 18, 2026 from City of Danville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sac Iii Acquisition Co Llc hold?

Sac Iii Acquisition Co 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.

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What is City of Danville currently buying?

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

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