CRDA Finalizes $8 Million Spinnaker Loan
Capital Region Development AuthorityPublic Authority · Hartford, CT- Disclosed value
- $8,000,000
- From minutes
- Document date
- Oct 15, 2026
The 30-second brief
CRDA and Spinnaker are finalizing an $8 million loan approved for the 65 Elm Street project. CRDA expected to close the financing in the fourth quarter of 2026, with construction planned to begin in the second quarter of 2027.
SPINNAKER holds this financial services contract with Capital Region Development Authority. Its other public contracts on record include work for West Pleasant Valley Fire District and Delaware County.
Term as filed: CRDA anticipated loan closing in the fourth quarter of 2026; construction expected to start in the second quarter of 2027.
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Contract details
- Contract type
- Financial Services
- Amount
- $8,000,000
- Document date
- October 15, 2026
- Term
- CRDA anticipated loan closing in the fourth quarter of 2026; construction expected to start in the second quarter of 2027
- Vendor
- SPINNAKER
- Source document
- Capital Region Development Authority Minutes Board Meeting October 15, 2026 (Minutes)
More Capital Region Development Authority contracts
Questions about this contract
Who was awarded the financial services contract by Capital Region Development Authority?
SPINNAKER was awarded this financial services contract by Capital Region Development Authority, as recorded on October 15, 2026. The contract value is $8,000,000.
How much is the SPINNAKER contract with Capital Region Development Authority worth?
The SPINNAKER contract with Capital Region Development Authority is valued at $8,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Capital Region Development Authority Minutes Board Meeting October 15, 2026 (Minutes), dated October 15, 2026 from Capital Region Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does SPINNAKER hold?
SPINNAKER 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 Capital Region Development Authority currently buying?
Explore Capital Region Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.