CONSTRUCTIONPENDING

Core Spaces to Build Downtown Parking Deck, ADDA Reimburses $8.1M

Core Spaces to build 425+ space downtown parking deck for Athens. ADDA will reimburse up to $8.1M of costs, paid over 15 years at 5% interest after project is complete.

Status
PENDING
Document date
December 9, 2025
Contract type
CONSTRUCTION
Vendor
Core Spaces
Agency
Athens-Clarke County unified government · GA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Approximately $17,600,000 (total parking deck cost); ADDA reimbursement capped at the lesser of 53% of actual cost or $8,100,000; ADDA repayment at 5% interest over 15 years
Contract type
CONSTRUCTION
Contract term
15 years, starting Jan 1 after project delivery; no payments due until delivery; no prepayment penalty
Renewal date
2043-12-31
Renewal
ADDA repayment over 15 years, terms set in agreement. No prepayment penalty.
Document type
Agenda
Source document
joint_meeting_agenda_winterville_bogart_and_athens.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Athens-Clarke County unified government?

Core Spaces was awarded this construction contract by Athens-Clarke County unified government, as recorded on December 9, 2025. The contract value is Approximately $17,600,000 (total parking deck cost); ADDA reimbursement capped at the lesser of 53% of actual cost or $8,100,000; ADDA repayment at 5% interest over 15 years.

How much is the Core Spaces contract with Athens-Clarke County unified government worth?

The Core Spaces contract with Athens-Clarke County unified government is valued at Approximately $17,600,000 (total parking deck cost); ADDA reimbursement capped at the lesser of 53% of actual cost or $8,100,000; ADDA repayment at 5% interest over 15 years, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in joint_meeting_agenda_winterville_bogart_and_athens.pdf (Agenda), dated December 9, 2025 from Athens-Clarke County unified government. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Core Spaces hold?

Core Spaces may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Core Spaces's profile

What is Athens-Clarke County unified government currently buying?

Explore Athens-Clarke County unified government's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Athens-Clarke County unified government's profile

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