Botetourt County Awards Financial Services Contract to Gateway Circle Properties (January 2026)
Botetourt CountyCounty · Daleville, VA- Disclosed value
- Tax-increment based reimbursement of qualified costs, capped at $69 million as briefed; developer requested consideration of up to $80 million cap
- From minutes
- Approved
- Jan 27, 2026
The 30-second brief
Botetourt County approved a synthetic‑TIF performance agreement with Gateway Circle Properties to pursue a major destination retail project at Gateway Crossing. Under the deal, the County advances no funds, instead sharing future tax increments—capped on reimbursable qualified costs—to help finance site preparation and infrastructure once the anchor retailer opens.
Gateway Circle Properties holds this financial services contract with Botetourt County.
Term as filed: Up to 20 years; County retains 10% of increment in years 1–5, 15% in years 6–10, and 20% in years 11–20.
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Contract details
- Contract type
- Financial Services
- Amount
- Tax-increment based reimbursement of qualified costs, capped at $69 million as briefed; developer requested consideration of up to $80 million cap
- Document date
- January 27, 2026
- Term
- Up to 20 years; County retains 10% of increment in years 1–5, 15% in years 6–10, and 20% in years 11–20
- Agency
- Botetourt County
- Source document
- Botetourt County Board of Supervisors Meeting Minutes January 2026 (Minutes)
Gateway Circle Properties's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Botetourt County?
Gateway Circle Properties was awarded this financial services contract by Botetourt County, as recorded on January 27, 2026. The contract value is Tax-increment based reimbursement of qualified costs, capped at $69 million as briefed; developer requested consideration of up to $80 million cap.
How much is the Gateway Circle Properties contract with Botetourt County worth?
The Gateway Circle Properties contract with Botetourt County is valued at Tax-increment based reimbursement of qualified costs, capped at $69 million as briefed; developer requested consideration of up to $80 million cap, covering financial services work.
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 Botetourt County Board of Supervisors Meeting Minutes January 2026 (Minutes), dated January 27, 2026 from Botetourt County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Gateway Circle Properties hold?
Gateway Circle 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.
What is Botetourt County currently buying?
Explore Botetourt County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.