Housing Authority of Middlesborough Awards Facilities Contract to 865 Entertainment Developer Llc (May 2026)

The Executive Committee approved a 99-year ground lease with 865 Entertainment Developer LLC for the Neyland Entertainment District, providing UT with $750,000 in annual base rent plus percentage rent tied to project revenues. The agreement includes University oversight of design and operations and long-term options to acquire the project.

Scope & details

The full contract record, as filed.

Contract amount

Annual base rent of $750,000 plus percentage rent based on gross operating revenues thresholds

Contract type

FACILITIES

Contract term

99-year Entertainment District Lease; University purchase option at year 40 and every 10 years thereafter

Renewal

Initial 99-year term with University purchase option at the 40th anniversary and every 10 years thereafter; lease may terminate earlier for default under agreed conditions.

Document type

AgendaPacket

Source document

University of Tennessee Board of Trustees Executive Committee Agenda Packet 2026-05-04

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University of Tennessee Executive Committee Agenda May 2026

APPROVED

The University Of Tennessee System Office, Tennessee$65 million development cost; annual Base Rent $750,000 plus Percentage RentMay 2, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Housing Authority of Middlesborough?

865 Entertainment Developer Llc was awarded this facilities contract by Housing Authority of Middlesborough, as recorded on May 4, 2026. The contract value is Annual base rent of $750,000 plus percentage rent based on gross operating revenues thresholds.

How much is the 865 Entertainment Developer Llc contract with Housing Authority of Middlesborough worth?

The 865 Entertainment Developer Llc contract with Housing Authority of Middlesborough is valued at Annual base rent of $750,000 plus percentage rent based on gross operating revenues thresholds, covering facilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in University of Tennessee Board of Trustees Executive Committee Agenda Packet 2026-05-04 (AgendaPacket), dated May 4, 2026 from Housing Authority of Middlesborough. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 865 Entertainment Developer Llc hold?

865 Entertainment Developer 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 865 Entertainment Developer Llc's profile

What is Housing Authority of Middlesborough currently buying?

Explore Housing Authority of Middlesborough's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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