Kent Approves CRA Tax Exemption for Pingree Renovation
City of KentCity · Kent, OH- Disclosed value
- Approximately $14,406,762.00, plus or minus 10%, including $650,000 for land and building acquisition and $1,626,762.00 for existing building renovations; the real property investment eligible for exemption is $2,276,762.00
- From contract
- Approved
- Nov 11, 2026
- Renews
- Free account
The 30-second brief
The City of Kent approved a CRA II agreement with Pingree 2000 Real Estate Holdings, LLC for renovations and redevelopment of the Enterprise Rent-A-Car facility at 1225 West Main Street. The project represents approximately $14.4 million in total investment, including $2.28 million in property acquisition and renovations, in exchange for a 75% real property tax exemption for up to 12 years.
Pingree 2000 Real Estate Holdings LLC holds this contract with City of Kent.
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Contract details
- Amount
- Approximately $14,406,762.00, plus or minus 10%, including $650,000 for land and building acquisition and $1,626,762.00 for existing building renovations; the real property investment eligible for exemption is $2,276,762.00
- Document date
- November 11, 2026
- Term
- 12-year real property tax exemption; renovations to be completed by August 2026; exemption may not commence after December 31, 2026 or extend beyond December 31, 2038
- Renews
- On record
- Agency
- City of Kent
- Source document
- 2025 127 CRA II AGREEMENT RENT A CAR RENOVATION SIGNED (Contract)
Pingree 2000 Real Estate Holdings LLC's other public contracts
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Questions about this contract
Who was awarded the government contract by City of Kent?
Pingree 2000 Real Estate Holdings LLC was awarded this government contract by City of Kent, as recorded on November 11, 2026. The contract value is Approximately $14,406,762.00, plus or minus 10%, including $650,000 for land and building acquisition and $1,626,762.00 for existing building renovations; the real property investment eligible for exemption is $2,276,762.00.
How much is the Pingree 2000 Real Estate Holdings LLC contract with City of Kent worth?
The Pingree 2000 Real Estate Holdings LLC contract with City of Kent is valued at Approximately $14,406,762.00, plus or minus 10%, including $650,000 for land and building acquisition and $1,626,762.00 for existing building renovations; the real property investment eligible for exemption is $2,276,762.00.
What type of contract is this?
This is a government contract, documented as a contract record.
Where was this contract approved?
This contract appears in 2025 127 CRA II AGREEMENT RENT A CAR RENOVATION SIGNED (Contract), dated November 11, 2026 from City of Kent. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Pingree 2000 Real Estate Holdings LLC hold?
Pingree 2000 Real Estate Holdings 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 Kent currently buying?
Explore City of Kent's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
