Worthington Mall Redevelopment to Receive $2.5M Grant
Town of WorthingtonCity · IN- Disclosed value
- $2,500,000
- From minutes
- Document date
- Jun 6, 2022
- Term
- 10 years
The 30-second brief
Direct Retail Partners is set to receive a $2.5 million grant over 10 years for the redevelopment of the Worthington Mall. The grant is structured with annual payments of $500,000 for the first five years, contingent on the south office building reaching 66% occupancy.
Direct Retail holds this redevelopment contract with Town of Worthington. Its other public contracts on record include work for City of Forney.
Term as filed: 10 years.
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Contract details
- Contract type
- Redevelopment
- Amount
- $2,500,000
- Document date
- June 6, 2022
- Term
- 10 years
- Vendor
- Direct Retail
- Agency
- Town of Worthington
- Source document
- worthington_city_council_meeting_minutes_june_6_20.pdf (Minutes)
Direct Retail's other public contracts
More Town of Worthington contracts
Questions about this contract
Who was awarded the redevelopment contract by Town of Worthington?
Direct Retail was awarded this redevelopment contract by Town of Worthington, as recorded on June 6, 2022. The contract value is $2,500,000.
How much is the Direct Retail contract with Town of Worthington worth?
The Direct Retail contract with Town of Worthington is valued at $2,500,000, covering redevelopment work.
What type of contract is this?
This is a Redevelopment contract, documented as a minutes record.
Where was this contract approved?
This contract appears in worthington_city_council_meeting_minutes_june_6_20.pdf (Minutes), dated June 6, 2022 from Town of Worthington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Direct Retail hold?
Direct Retail 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 Town of Worthington currently buying?
Explore Town of Worthington's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.