CONTRACTAPPROVED

Crown Point OKs TIF Developer Deal With Venture One

City of Crown
Approved
May 6, 2024

The 30-second brief

What it covers

The Crown Point Redevelopment Commission approved a standardized developer agreement with Venture One for a $100 million project at 101st and 165 within the 2014 TIF Allocation Area. The agreement structures TIF-backed tax collections to support debt service and city revenues alongside a tax abatement component.

Who holds it

Venture One holds this contract with City of Crown. Its other public contracts on record include work for Town of Channahon and University Park village (pt.).

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Contract details

Document date
May 6, 2024
Source document
crown-point-meeting-minutes-2024-05-06-pdf_b2d.pdf (Meeting Minutes)

Venture One's other public contracts

More City of Crown contracts

Questions about this contract

Who was awarded the government contract by City of Crown?

Venture One was awarded this government contract by City of Crown, as recorded on May 6, 2024.

What type of contract is this?

This is a government contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in crown-point-meeting-minutes-2024-05-06-pdf_b2d.pdf (Meeting Minutes), dated May 6, 2024 from City of Crown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Venture One hold?

Venture One 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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