CONTRACTAPPROVED

Albany Authorizes Hotel MOU With SOWEGA QOF

City of Albany logoCity of Albany
Disclosed value
$1,500,000 project loan facilitated through the DDA
From agendapacket
Approved
Sep 22, 2026

The 30-second brief

What it covers

Albany authorized an MOU with SOWEGA QOF One QOZB I, LLC and the Downtown Development Authority to advance the St. Nicholas Hotel redevelopment. The project is supported by a proposed $1.5 million DDA loan funded by the City.

Who holds it

Sowega Qof One Qozb I LLC holds this contract with City of Albany. Its other public contracts on record include work for Albany Utility Board.

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Contract details

Amount
$1,500,000 project loan facilitated through the DDA
Document date
September 22, 2026
Source document
City of Albany AgendaPacket Regular Meeting Board of City Commissioners 2026-09-22 (AgendaPacket)

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Questions about this contract

Who was awarded the government contract by City of Albany?

Sowega Qof One Qozb I LLC was awarded this government contract by City of Albany, as recorded on September 22, 2026. The contract value is $1,500,000 project loan facilitated through the DDA.

How much is the Sowega Qof One Qozb I LLC contract with City of Albany worth?

The Sowega Qof One Qozb I LLC contract with City of Albany is valued at $1,500,000 project loan facilitated through the DDA.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Albany AgendaPacket Regular Meeting Board of City Commissioners 2026-09-22 (AgendaPacket), dated September 22, 2026 from City of Albany. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Sowega Qof One Qozb I LLC hold?

Sowega Qof One Qozb I LLC 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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