Albany Authorizes Hotel MOU With SOWEGA QOF
- Disclosed value
- $1,500,000 project loan facilitated through the DDA
- From agendapacket
- Approved
- Sep 22, 2026
The 30-second brief
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.
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
- Agency
- City of Albany
- Source document
- City of Albany AgendaPacket Regular Meeting Board of City Commissioners 2026-09-22 (AgendaPacket)
Sowega Qof One Qozb I LLC's other public contracts
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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.
What is City of Albany currently buying?
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