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Gadsden Approves Economic Development Agreement with GKH

City of Gadsden logoCity of Gadsden
Disclosed value
Rebate of 5% of the City’s 10% lodging tax revenue, 2.5% of the City’s 5% sales tax revenue, and the City’s portion of ad valorem tax
From minutes
Approved
Oct 30, 2026
Term
10 years from the opening date

The 30-second brief

What it covers

The City Council approved an economic development agreement with GKH, LLC for a proposed mixed-use commercial development at 437 Broad Street. The agreement provides specified lodging, sales, and ad valorem tax rebates for 10 years from the development’s opening date.

Who holds it

Gkh LLC holds this contract with City of Gadsden. Its other public contracts on record include work for Gadsden-Etowah MPO.

What happens next

Term as filed: 10 years from the opening date.

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Contract details

Amount
Rebate of 5% of the City’s 10% lodging tax revenue, 2.5% of the City’s 5% sales tax revenue, and the City’s portion of ad valorem tax
Document date
October 30, 2026
Term
10 years from the opening date
Vendor
Gkh LLC
Agency
City of Gadsden
Source document
City of Gadsden Minutes Special Called Council Meeting 2026-10-30 (Minutes)

Gkh LLC's other public contracts

Gadsden-Etowah MPO, AlabamaEconomic Development Agreement Proposed for GKH LLC · Oct 30, 2026UndisclosedCity of Gadsden, AlabamaEconomic Development Agreement with GKH Scheduled for Council Review · Oct 30, 2026UndisclosedAll Gkh LLC contractsVendor profile

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Questions about this contract

Who was awarded the government contract by City of Gadsden?

Gkh LLC was awarded this government contract by City of Gadsden, as recorded on October 30, 2026. The contract value is Rebate of 5% of the City’s 10% lodging tax revenue, 2.5% of the City’s 5% sales tax revenue, and the City’s portion of ad valorem tax.

How much is the Gkh LLC contract with City of Gadsden worth?

The Gkh LLC contract with City of Gadsden is valued at Rebate of 5% of the City’s 10% lodging tax revenue, 2.5% of the City’s 5% sales tax revenue, and the City’s portion of ad valorem tax.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Gadsden Minutes Special Called Council Meeting 2026-10-30 (Minutes), dated October 30, 2026 from City of Gadsden. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Gkh LLC hold?

Gkh 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 Gadsden currently buying?

Explore City of Gadsden's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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