FACILITIESONGOING

Room Tax Support for Monona Terrace Operations

The Room Tax Fund allocates $5,461,289 to Monona Terrace in 2020 for debt service, capital purchases, and operating subsidy. These room tax-supported payments help sustain convention center operations and capital needs while reducing reliance on internal reserves.

Document date · January 1, 2020

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$5,461,289
Contract type
FACILITIES
Contract term
Calendar year 2020
Renewal date
2020-12-31
Renewal
CDA lease revenue bonds for Monona Terrace construction will be retired in 2020; new GO bonds finance ongoing renovation projects. The Room Tax Commission plans ongoing allocations to maintain reserves at least 20% of expenditures and stabilize future subsidies.
Document type
Budget
Source document
city_of_madison_2020_operating_budget.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Madison?

Monona Terrace was awarded this facilities contract by City of Madison, as recorded on January 1, 2020. The contract value is $5,461,289.

How much is the Monona Terrace contract with City of Madison worth?

The Monona Terrace contract with City of Madison is valued at $5,461,289, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a budget record.

Where was this contract approved?

This contract appears in city_of_madison_2020_operating_budget.pdf (Budget), dated January 1, 2020 from City of Madison. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Monona Terrace hold?

Monona Terrace 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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