STI Holdings proposes $4.5M aquatic center contribution in LOI

STI Holdings, Inc. has executed a non‑binding Letter of Intent with the City of Stoughton proposing a $4.5 million contribution toward a new aquatic center. In return, STI seeks exclusive naming rights for the facility and a park shelter, plus representation on the project planning committee, with definitive terms to be negotiated within 120 days.

Scope & details

The full contract record, as filed.

Contract amount

$4,500,000.00

Contract type

OTHER

Contract term

LOI effective for 120 days from execution to negotiate Definitive Agreement

Renewal

LOI term is 120 days from execution and may be extended by mutual written agreement; intended to lead to a Definitive Agreement that will supersede the LOI.

Document type

AgendaPacket

Source document

City of Stoughton Parks and Recreation Committee Agenda Packet 2026-06-21

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City of Stoughton Finance Committee Agenda 2026-08-25

City of Stoughton Common Council Agenda 2026-08-25

APPROVED

City of Stoughton, WisconsinAug 25, 2026

City of Stoughton Finance Committee Agenda 2026-07-14

PENDING

City of Stoughton, WisconsinJul 14, 2026

City of Stoughton Finance Committee Agenda 2026-07-14

DISCUSSED

City of Stoughton, WisconsinJul 14, 2026

City of Stoughton AgendaPacket Common Council Meeting 2026-06-09

PENDING

City of Stoughton, WisconsinJun 9, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Stoughton?

Sti Holdings Inc was awarded this government contract by City of Stoughton, as recorded on June 21, 2026. The contract value is $4,500,000.00.

How much is the Sti Holdings Inc contract with City of Stoughton worth?

The Sti Holdings Inc contract with City of Stoughton is valued at $4,500,000.00.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Stoughton Parks and Recreation Committee Agenda Packet 2026-06-21 (AgendaPacket), dated June 21, 2026 from City of Stoughton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sti Holdings Inc hold?

Sti Holdings 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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