CONTRACTAPPROVED

Town of New Albany Awards Tax Abatement Contract to Montauk Innovations (April 2025)

Disclosed value: $500 million; From meeting minutes
Approved: Apr 1, 2025

What it covers

The City Manager is authorized to execute a first amended and restated Community Reinvestment Area Agreement with Montauk Innovations, LLC. This provides for a 100% real property tax abatement for 15 years. The project includes the construction of 1 data center totaling 275,000 square feet. Expected completion by June 30, 2027.

Who holds it

Montauk Innovations holds this tax abatement contract with Town of New Albany. Its other public contracts on record include work for City of New Albany and City of New Albany city.

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Contract details

Contract type: Tax Abatement
Amount: $500 million
Document date: April 1, 2025
Term: NA
Vendor: Montauk Innovations
Agency: Town of New Albany
Source document: town-of-new-albany-meeting-minutes-2025-04-01_17e.pdf (Meeting Minutes)

Montauk Innovations's other public contracts

Town of New Albany, IndianaAgreement with Montauk Innovations for reinvestment area · Apr 1, 2025Undisclosed Town of New Albany, IndianaFirst Amended and Restated Community Reinvestment Area Agreement Approved · Apr 1, 2025Undisclosed City of New Albany, Mississippicity-of-new-albany-agenda-2025-04-01_400.pdf · Apr 1, 2025Undisclosed City of New Albany city, Ohiocity-of-new-albany-cityresolution2025-04-01_7ea.pdf · Apr 1, 2025Undisclosed City of New Albany city, OhioMontauk Innovations, LLC gets reinvestment agreement · Apr 1, 2025Undisclosed All Montauk Innovations contractsVendor profile

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Questions about this contract

Who was awarded the tax abatement contract by Town of New Albany?

Montauk Innovations was awarded this tax abatement contract by Town of New Albany, as recorded on April 1, 2025. The contract value is $500 million.

How much is the Montauk Innovations contract with Town of New Albany worth?

The Montauk Innovations contract with Town of New Albany is valued at $500 million, covering tax abatement work.

What type of contract is this?

This is a Tax Abatement contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in town-of-new-albany-meeting-minutes-2025-04-01_17e.pdf (Meeting Minutes), dated April 1, 2025 from Town of New Albany. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Montauk Innovations hold?

Montauk Innovations 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 Town of New Albany currently buying?

Explore Town of New Albany's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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