Bond inducement for Alta West Midtown project

The Development Authority of Fulton County is considering a bond inducement resolution and incentive package for WP South Acquisitions, L.L.C. to support the $75 million Alta West Midtown apartment project at 1593 Huber Street NW. The multi-family development would redevelop an underutilized tire facility into a 247‑unit complex with affordable housing and is expected to close in the fourth quarter of 2026.

Scope & details

The full contract record, as filed.

Contract amount

$75,000,000

Contract type

FINANCIAL_SERVICES

Contract term

Incentive / bond inducement for development; estimated closing 4th Quarter 2026; incentive period modeled over 10 years

Renewal date

2036-12-31

Renewal

Incentive and tax projections are modeled over a 10‑year incentive period; no formal renewal or extension options are specified in the agenda or fact sheet.

Document type

Agenda

Source document

Development Authority of Fulton County Agenda 2026-06-23

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Development Authority of Fulton County Agenda Packet 2026-07-28

PENDING

Housing Authority of Fulton, Kentucky$75,000,000Jul 28, 2026

Development Authority of Fulton County Status of Action Taken 2026-06-23

APPROVED

Housing Authority of Fulton, Kentucky$75,000,000Jun 23, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Housing Authority of Fulton?

Wp South Acquisitions Llc was awarded this financial services contract by Housing Authority of Fulton, as recorded on June 23, 2026. The contract value is $75,000,000.

How much is the Wp South Acquisitions Llc contract with Housing Authority of Fulton worth?

The Wp South Acquisitions Llc contract with Housing Authority of Fulton is valued at $75,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Development Authority of Fulton County Agenda 2026-06-23 (Agenda), dated June 23, 2026 from Housing Authority of Fulton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wp South Acquisitions Llc hold?

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