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Board selects City of Fayetteville loan for 150 W. Lanier

City of Fayetteville
Document date
Sep 17, 2025

The 30-second brief

What it covers

The Downtown Development Authority Board selected an interest-free loan financing option from the City of Fayetteville to purchase 150 W. Lanier, to be repaid in five equal installments beginning in 2025. The financing is contingent on City Council authorization.

Who holds it

City of Fayetteville holds this financial services contract with City of Fayetteville. Its other public contracts on record include work for North Carolina Department of Transportation | Board of Transportation and Cumberland County.

What happens next

Term as filed: Five equal payments beginning in 2025 for interest-free loan.

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Contract details

Contract type
Financial Services
Document date
September 17, 2025
Term
Five equal payments beginning in 2025 for interest-free loan
Vendor
City of Fayetteville
Agency
City of Fayetteville
Source document
downtown_development_authority_main_street_board_m.pdf (Minutes)

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Questions about this contract

Who was awarded the financial services contract by City of Fayetteville?

City of Fayetteville was awarded this financial services contract by City of Fayetteville, as recorded on September 17, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in downtown_development_authority_main_street_board_m.pdf (Minutes), dated September 17, 2025 from City of Fayetteville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does City of Fayetteville hold?

City of Fayetteville 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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