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MDSA Properties seeks $8.9M for hotel project

City of Park Ridge logoCity of Park Ridge
Disclosed value
$8,900,000
From meeting minutes
Document date
Dec 2, 2024

The 30-second brief

What it covers

MDSA Properties seeks $8.9 million in economic incentives for a new hotel project at 1440 Higgins Road, Park Ridge, including property tax relief and fee waivers.

Who holds it

Mdsa Properties holds this economic incentives contract with City of Park Ridge. Its other public contracts on record include work for Town of Ridge and Park Ridge village.

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Contract details

Contract type
Economic Incentives
Amount
$8,900,000
Document date
December 2, 2024
Term
NA
Vendor
Mdsa Properties
Agency
City of Park Ridge
Source document
city-of-park-ridge-meeting-minutes-2024-12-02_4c1.pdf (Meeting Minutes)

Mdsa Properties's other public contracts

City of Park Ridge, IllinoisOwner MDSA Properties Discusses Hotel PUD · Jan 28, 2025UndisclosedTown of Ridge, IllinoisPark Ridge Considers $8.9M Incentives for Hotel · Dec 2, 2024$8.9MPark Ridge village, WisconsinHotel Development Tax Reduction Plan · Jul 8, 2024UndisclosedCity of Park Ridge, Illinoiscity-of-park-ridge-proposal-2024-07-08_972.pdf · Jul 8, 2024UndisclosedCity of Park Ridge, Illinoiscity-of-park-ridge-proposal-2024-07-08_206.pdf · Jul 8, 2024$2.7MAll Mdsa Properties contractsVendor profile

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Questions about this contract

Who was awarded the economic incentives contract by City of Park Ridge?

Mdsa Properties was awarded this economic incentives contract by City of Park Ridge, as recorded on December 2, 2024. The contract value is $8,900,000.

How much is the Mdsa Properties contract with City of Park Ridge worth?

The Mdsa Properties contract with City of Park Ridge is valued at $8,900,000, covering economic incentives work.

What type of contract is this?

This is a Economic Incentives contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-park-ridge-meeting-minutes-2024-12-02_4c1.pdf (Meeting Minutes), dated December 2, 2024 from City of Park Ridge. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Mdsa Properties hold?

Mdsa 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 City of Park Ridge currently buying?

Explore City of Park Ridge's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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