Crescent Crossings 1C Receives Tax Incentive Approval
City of BridgeportCity · AL- Disclosed value
- $3,161,815
- From agenda
- Document date
- Jun 5, 2023
- Term
- 15 years
The 30-second brief
Crescent Crossings 1C LLC is authorized for a tax incentive development agreement for a new $40MM mixed-income residential development, with tax incentives phased in over 15 years, generating $3.8MM in direct revenue for the city.
Crescent Crossings 1c holds this tax incentive contract with City of Bridgeport. Its other public contracts on record include work for Town of Bridgeport.
Term as filed: 15 years.
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Contract details
- Contract type
- Tax Incentive
- Amount
- $3,161,815
- Document date
- June 5, 2023
- Term
- 15 years
- Vendor
- Crescent Crossings 1c
- Agency
- City of Bridgeport
- Source document
- city-of-bridgeport-city-council-agenda-capital-projects-av-upgrades-june-5-2023_752.pdf (Agenda)
Crescent Crossings 1c's other public contracts
More City of Bridgeport contracts
Questions about this contract
Who was awarded the tax incentive contract by City of Bridgeport?
Crescent Crossings 1c was awarded this tax incentive contract by City of Bridgeport, as recorded on June 5, 2023. The contract value is $3,161,815.
How much is the Crescent Crossings 1c contract with City of Bridgeport worth?
The Crescent Crossings 1c contract with City of Bridgeport is valued at $3,161,815, covering tax incentive work.
What type of contract is this?
This is a Tax Incentive contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-bridgeport-city-council-agenda-capital-projects-av-upgrades-june-5-2023_752.pdf (Agenda), dated June 5, 2023 from City of Bridgeport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Crescent Crossings 1c hold?
Crescent Crossings 1c 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.