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City of Norfolk Awards Redevelopment Tax Increment Financing Contract to Valley Drive Properties (June 2025)

City of Norfolk
Approved
Jun 16, 2025
Term
January 1, 2025 – 15 years

The 30-second brief

What it covers

Valley Drive Properties, LLC awarded tax increment financing for Phase 2 redevelopment project effective January 1, 2025 for 15 years.

Who holds it

Valley Drive Properties holds this redevelopment tax increment financing contract with City of Norfolk. Its other public contracts on record include work for City of West Point.

What happens next

Term as filed: January 1, 2025 – 15 years.

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Contract details

Contract type
Redevelopment Tax Increment Financing
Document date
June 16, 2025
Term
January 1, 2025 – 15 years
Vendor
Valley Drive Properties
Agency
City of Norfolk
Source document
community_development_agency_meeting_agenda_june_1.pdf (Agenda)

Valley Drive Properties's other public contracts

City of West Point, NebraskaValley Drive Properties LLC awarded $1.8M redevelopment contract · Sep 2, 2025$1.8MCity of Norfolk, NebraskaValley Drive Properties Redevelopment Contract Approved for Phase 1 · Jul 15, 2024UndisclosedCity of Norfolk, NebraskaValley Drive Properties Receives Redevelopment Project Approval · May 1, 2023UndisclosedCity of Norfolk, NebraskaValley Drive Properties LLC redevelopment project approved · Apr 3, 2023$1.2MCity of Norfolk, NebraskaValley Drive Properties TIF Bond Reduced to $724,603 · Feb 6, 2023$1.2MAll Valley Drive Properties contractsVendor profile

More City of Norfolk contracts

Midwest Bank N aNorfolk Approves Midwest Bank Event Street Closure Agreement · Oct 3, 2026UndisclosedWisper Skate ShopNorfolk Plans Skate Park Agreement with Wisper Skate Shop · Oct 3, 2026UndisclosedGehring Construction & Ready Mix Company IncNorfolk Plans $22,524 Gehring Construction Change Order · Oct 3, 2026SCHEELE-KAYTONScheele-Kayton General Construction Contract Remains Ongoing · Oct 3, 2026UndisclosedRetail Strategies LLCNorfolk Plans Three-Year Retail Consulting Agreement · Oct 3, 2026All City of Norfolk activityAgency profile

Questions about this contract

Who was awarded the redevelopment tax increment financing contract by City of Norfolk?

Valley Drive Properties was awarded this redevelopment tax increment financing contract by City of Norfolk, as recorded on June 16, 2025.

What type of contract is this?

This is a Redevelopment Tax Increment Financing contract, documented as a agenda record.

Where was this contract approved?

This contract appears in community_development_agency_meeting_agenda_june_1.pdf (Agenda), dated June 16, 2025 from City of Norfolk. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Valley Drive Properties hold?

Valley Drive Properties 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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Explore City of Norfolk's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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