Port Colborne Approves Algoma Central Properties Tax Grant | City of Port Colborne | ALGOMA CENTRAL PROPERTIES INC

Scope & details

The full contract record, as filed.

Contract amount

$444,738 from the City over 10 years; $171,028 from Niagara Region over 5 years; total estimated grant of $615,766

Contract type

OTHER

Contract term

City grant for 10 years; Niagara Region grant for 5 years

Renewal

Grant payments continue annually only while program conditions are satisfied, including taxes remaining in good standing and compliance with property and regulatory requirements. The City may terminate future payments for prolonged tax arrears, property transfer, impaired commercial relationships, or other specified breaches; a formal tri-party grant agreement and by-law remain pending.

Document type

StaffReport

Source document

Port Colborne StaffReport Gateway Community Improvement Plan Tax Increment Grant - Algoma Central Properties Inc. (Allied Marine) – 1 Lake Street 2026-09-08

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City of Port Colborne Council Meeting Agenda April 14 2026

APPROVED

City of Port Colborne, CanadaApr 14, 2026

Port Colborne Council Meeting Agenda 2026-04-14

PENDING

City of Port Colborne, ONApr 14, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Port Colborne?

Algoma Central Properties Inc was awarded this government contract by City of Port Colborne, as recorded on September 8, 2026. The contract value is $444,738 from the City over 10 years; $171,028 from Niagara Region over 5 years; total estimated grant of $615,766.

How much is the Algoma Central Properties Inc contract with City of Port Colborne worth?

The Algoma Central Properties Inc contract with City of Port Colborne is valued at $444,738 from the City over 10 years; $171,028 from Niagara Region over 5 years; total estimated grant of $615,766.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Port Colborne StaffReport Gateway Community Improvement Plan Tax Increment Grant - Algoma Central Properties Inc. (Allied Marine) – 1 Lake Street 2026-09-08 (StaffReport), dated September 8, 2026 from City of Port Colborne. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Algoma Central Properties Inc hold?

Algoma Central Properties 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.

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What is City of Port Colborne currently buying?

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