Dallas Proposes $9.3 Million Uber Economic Development Package
City of Dallas cityCity · Dallas, TX- Disclosed value
- Total not to exceed $9,345,633.00, including a Chapter 380 economic development grant of up to $3,500,000.00 over ten years, a job-creation grant of up to $5,000,000.00, a City-fee grant of up to $100,000.00, and estimated tax revenue foregone of $745,633.00 over five years
- From agenda
- Document date
- Aug 14, 2019
The 30-second brief
The City of Dallas agenda proposes economic development agreements with Uber Technologies, Inc. or an affiliate for expansion into a two-phase office development at 2550 Pacific Avenue. The package totals up to $9,345,633.00 and includes a five-year tax abatement and ten-year Chapter 380 grant commitments.
Uber Technologies Inc holds this contract with City of Dallas city. Its other public contracts on record include work for Omnitrans and Charleston Area Regional Transit Authority (Carta).
Term as filed: Five-year business personal property tax abatement; ten-year Chapter 380 economic development grant agreement; additional grant agreements associated with job creation and City fees.
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Contract details
- Amount
- Total not to exceed $9,345,633.00, including a Chapter 380 economic development grant of up to $3,500,000.00 over ten years, a job-creation grant of up to $5,000,000.00, a City-fee grant of up to $100,000.00, and estimated tax revenue foregone of $745,633.00 over five years
- Document date
- August 14, 2019
- Term
- Five-year business personal property tax abatement; ten-year Chapter 380 economic development grant agreement; additional grant agreements associated with job creation and City fees
- Vendor
- Uber Technologies Inc
- Agency
- City of Dallas city
- Source document
- City of Dallas Agenda 2019-08-14 (Agenda)
Uber Technologies Inc's other public contracts
More City of Dallas city contracts
Questions about this contract
Who was awarded the government contract by City of Dallas city?
Uber Technologies Inc was awarded this government contract by City of Dallas city, as recorded on August 14, 2019. The contract value is Total not to exceed $9,345,633.00, including a Chapter 380 economic development grant of up to $3,500,000.00 over ten years, a job-creation grant of up to $5,000,000.00, a City-fee grant of up to $100,000.00, and estimated tax revenue foregone of $745,633.00 over five years.
How much is the Uber Technologies Inc contract with City of Dallas city worth?
The Uber Technologies Inc contract with City of Dallas city is valued at Total not to exceed $9,345,633.00, including a Chapter 380 economic development grant of up to $3,500,000.00 over ten years, a job-creation grant of up to $5,000,000.00, a City-fee grant of up to $100,000.00, and estimated tax revenue foregone of $745,633.00 over five years.
What type of contract is this?
This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Dallas Agenda 2019-08-14 (Agenda), dated August 14, 2019 from City of Dallas city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Uber Technologies Inc hold?
Uber Technologies Inc 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 Dallas city currently buying?
Explore City of Dallas city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.