Pavilion Loan Extended Through June 2027
City of CharlottesvilleCity · Charlottesville, VA- Disclosed value
- $2,400,000 original note; $500,000 re-advance in 2019; semi-annual payments of $85,442; note balance $350,814 as of June 30, 2025
- From agenda
- Document date
- Jan 13, 2026
- Renews
- Free account
The 30-second brief
The Authority maintains a long-term promissory note with Charlottesville Pavilion LLC originally issued in 2004 for amphitheater construction and later amended in 2018 and 2020, including a $500,000 re-advance for roof replacement. The maturity date has been extended to June 30, 2027 with a remaining balance of $350,814 at June 30, 2025.
Charlottesville Pavilion LLC holds this financial services contract with City of Charlottesville.
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Contract details
- Contract type
- Financial Services
- Amount
- $2,400,000 original note; $500,000 re-advance in 2019; semi-annual payments of $85,442; note balance $350,814 as of June 30, 2025
- Document date
- January 13, 2026
- Term
- Original 20-year amortization; maturity extended first to June 30, 2026 and then to June 30, 2027
- Renews
- On record
- Agency
- City of Charlottesville
- Source document
- Charlottesville Economic Development Authority Agenda January 2026 (Agenda)
Charlottesville Pavilion LLC's other public contracts
More City of Charlottesville contracts
Questions about this contract
Who was awarded the financial services contract by City of Charlottesville?
Charlottesville Pavilion LLC was awarded this financial services contract by City of Charlottesville, as recorded on January 13, 2026. The contract value is $2,400,000 original note; $500,000 re-advance in 2019; semi-annual payments of $85,442; note balance $350,814 as of June 30, 2025.
How much is the Charlottesville Pavilion LLC contract with City of Charlottesville worth?
The Charlottesville Pavilion LLC contract with City of Charlottesville is valued at $2,400,000 original note; $500,000 re-advance in 2019; semi-annual payments of $85,442; note balance $350,814 as of June 30, 2025, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Charlottesville Economic Development Authority Agenda January 2026 (Agenda), dated January 13, 2026 from City of Charlottesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Charlottesville Pavilion LLC hold?
Charlottesville Pavilion 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 Charlottesville currently buying?
Explore City of Charlottesville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.