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City to draft TIF agreement with Veridea Group

City of Marquette
Document date
Sep 29, 2025

The 30-second brief

What it covers

The City of Marquette approved a Brownfield Plan amendment for the former Marquette General Hospital site and directed staff to draft a development agreement with Veridea Group including a 15-year private TIF reimbursement period. Veridea Group plans to invest about $200 million in a mixed-use redevelopment featuring residential units, senior living, and a community park.

Who holds it

Veridea Group holds this contract with City of Marquette. Its other public contracts on record include work for Town of Marquette and Town of Marquette charter.

What happens next

Term as filed: 15-year period for private TIF reimbursements.

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Contract details

Document date
September 29, 2025
Term
15-year period for private TIF reimbursements
Vendor
Veridea Group
Agency
City of Marquette
Source document
City of Marquette City Commission Meeting Minutes September 2025 (Minutes)

Veridea Group's other public contracts

City of Marquette, MichiganTownhome Development · Sep 2, 2025UndisclosedCity of Marquette, MichiganVeridea Group township development project · Jun 9, 2025UndisclosedTown of Marquette, MichiganVeridea Group's PUD seeks approval for 36 townhomes · Jun 3, 2025UndisclosedTown of Marquette charter, MichiganTownhome PUD for Magnetic St seeks approval · Jun 3, 2025UndisclosedCity of Marquette, MichiganCity Advances Veridea W. Magnetic PUD for Approval · Jun 3, 2025UndisclosedAll Veridea Group contractsVendor profile

More City of Marquette contracts

Innovation Marquette Enterprise CorporationLDFA Approves TIF Distribution to Innovation Marquette · Oct 14, 2026$636.1KRange BankInnovation Marquette Updates Lending MOU With Range Bank · Oct 14, 2026Undisclosed906 Adventure TeamInnovation Marquette Plans $100,000 906 Adventure Partnership · Oct 14, 2026$100KInnovation Marquette Enterprise CompanyLDFA Recommends $2.26 Million TIF Distribution · Oct 14, 2026$2.3MSuperior Watershed PartnershipCommission to Discuss Superior Watershed Improvement Projects · Oct 13, 2026UndisclosedAll City of Marquette activityAgency profile

Questions about this contract

Who was awarded the government contract by City of Marquette?

Veridea Group was awarded this government contract by City of Marquette, as recorded on September 29, 2025.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Marquette City Commission Meeting Minutes September 2025 (Minutes), dated September 29, 2025 from City of Marquette. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Veridea Group hold?

Veridea 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.

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What is City of Marquette currently buying?

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

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