OTHERDISCUSSED

Updated Riverfront Development Deal Discussed

The Redevelopment Authority discussed an updated development agreement with Alexander Co. for the Riverfront Project. The amended TIF agreement would provide up to $6,106,000 in development incentives tied to project completion and tax increment revenues.

Document date · September 9, 2026

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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
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Scope & details

The full contract record, as filed.

Contract amount
up to $6,106,000
Contract type
OTHER
Contract term
Effective 2026; construction to be completed by December 31, 2028; MRO payments through TID closure date or until paid in full
Renewal date
2027-12-31
Renewal
This amended and restated agreement supersedes and replaces the prior Agreement to Finance Development dated September 29, 2025, which is void and of no further force and effect. The TIF agreement becomes effective when executed and remains in effect until the developer's obligations are satisfied and the MRO has been issued; if conditions precedent are not met by December 31, 2027, the agreement becomes null and void.
Document type
Agenda
Source document
City of Stoughton Agenda 2026-09-09

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Stoughton?

Alexander Company was awarded this government contract by City of Stoughton, as recorded on September 9, 2026. The contract value is up to $6,106,000.

How much is the Alexander Company contract with City of Stoughton worth?

The Alexander Company contract with City of Stoughton is valued at up to $6,106,000.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Stoughton Agenda 2026-09-09 (Agenda), dated September 9, 2026 from City of Stoughton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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