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City of Sanford Awards $4,400,000 Economic Development Incentive Grant Contract to Castoccm Sanford Owner (September 2025)

City of Sanford logoCity of Sanford
Disclosed value
$4,400,000.00
From agenda
Approved
Sep 16, 2025
Term
September 15, 2025 – September 15, 2030

The 30-second brief

What it covers

City of Sanford approves $4.4 million economic development incentive grant to CASTO-CCM SANFORD OWNER, LLC for Riverbirch Shopping Center redevelopment over five years.

Who holds it

Castoccm Sanford Owner holds this economic development incentive grant contract with City of Sanford.

What happens next

Term as filed: September 15, 2025 – September 15, 2030.

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Contract details

Contract type
Economic Development Incentive Grant
Amount
$4,400,000.00
Document date
September 16, 2025
Term
September 15, 2025 – September 15, 2030
Vendor
Castoccm Sanford Owner
Agency
City of Sanford
Source document
city_council_agenda_september_2025.pdf (Agenda)

Castoccm Sanford Owner's other public contracts

City of Sanford, North CarolinaSanford to Pay CASTO $2M for Riverbirch Infrastructure · Oct 7, 2025$2MCity of Sanford, North CarolinaSanford Approves $4.4M Incentive for Riverbirch Redevelopment · Oct 7, 2025$4.4MCity of Sanford, North CarolinaInterlocal agreement for $2M infrastructure reimbursement for Riverbirch project · Sep 16, 2025$2MAll Castoccm Sanford Owner contractsVendor profile

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Questions about this contract

Who was awarded the economic development incentive grant contract by City of Sanford?

Castoccm Sanford Owner was awarded this economic development incentive grant contract by City of Sanford, as recorded on September 16, 2025. The contract value is $4,400,000.00.

How much is the Castoccm Sanford Owner contract with City of Sanford worth?

The Castoccm Sanford Owner contract with City of Sanford is valued at $4,400,000.00, covering economic development incentive grant work.

What type of contract is this?

This is a Economic Development Incentive Grant contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city_council_agenda_september_2025.pdf (Agenda), dated September 16, 2025 from City of Sanford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Castoccm Sanford Owner hold?

Castoccm Sanford Owner 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 City of Sanford currently buying?

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

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