Tax Abatement Proposed for Runestone Hospitality Group
City of AlexanderCity · AR- Document date
- Jan 13, 2025
- Term
- 8 years
The 30-second brief
City of Alexandria considers tax abatement for Runestone Hospitality Group's 92-room Holiday Inn Express construction, potentially increasing property tax revenue by $190,000 per year and creating 15 new FTE positions.
Runestone Hospitality Group holds this tax abatement contract with City of Alexander. Its other public contracts on record include work for HRA of ALEXANDRIA, MINNESOTA and Town of Krain.
Term as filed: 8 years.
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Tax Abatement
- Document date
- January 13, 2025
- Term
- 8 years
- Agency
- City of Alexander
- Source document
- city-of-alexander-meeting-minutes-2025-01-13_7fa.pdf (Meeting Minutes)
Runestone Hospitality Group's other public contracts
More City of Alexander contracts
Questions about this contract
Who was awarded the tax abatement contract by City of Alexander?
Runestone Hospitality Group was awarded this tax abatement contract by City of Alexander, as recorded on January 13, 2025.
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 city-of-alexander-meeting-minutes-2025-01-13_7fa.pdf (Meeting Minutes), dated January 13, 2025 from City of Alexander. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Runestone Hospitality Group hold?
Runestone Hospitality Group may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
Show 1 more question
What is City of Alexander currently buying?
Explore City of Alexander's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.