FINANCIAL_SERVICESAPPROVED

City of Revere Awards Financial Services Contract to Revolution Storage Llc (June 2026)

The Revere City Council approved a 20‑year Payment In Lieu Of Taxes (PILOT) Agreement with Revolution Storage, LLC/Flatiron Energy for the proposed battery energy storage facility at 0 Muzzey Street. The agreement is expected to provide approximately $1.6 million in annual PILOT payments as part of a broader $43 million benefits package to the City.

Status
APPROVED
Document date
June 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Revolution Storage Llc
Agency
City of Revere · MA

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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
Approximately $1.6 million annually in PILOT payments (within an estimated $43 million benefits package over 20 years)
Contract type
FINANCIAL_SERVICES
Contract term
20 years
Renewal
20‑year PILOT agreement aligned with the life of the proposed facility; any extension or renegotiation after this period would require additional council approval.
Document type
Minutes
Source document
City of Revere City Council Minutes 2026-06-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Revere?

Revolution Storage Llc was awarded this financial services contract by City of Revere, as recorded on June 22, 2026. The contract value is Approximately $1.6 million annually in PILOT payments (within an estimated $43 million benefits package over 20 years).

How much is the Revolution Storage Llc contract with City of Revere worth?

The Revolution Storage Llc contract with City of Revere is valued at Approximately $1.6 million annually in PILOT payments (within an estimated $43 million benefits package over 20 years), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Revere City Council Minutes 2026-06-22 (Minutes), dated June 22, 2026 from City of Revere. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Revolution Storage Llc hold?

Revolution Storage 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.

View Revolution Storage Llc's profile

What is City of Revere currently buying?

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

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