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Dallas Proposes Scotiabank Economic Incentive Agreement

City of Dallas city logoCity of Dallas city
Disclosed value
Not to exceed $2,700,000.00
From agenda
Document date
Aug 27, 2025
Term
Ten-year tax abatement period

The 30-second brief

What it covers

Dallas proposes an economic development incentive agreement with The Bank of Nova Scotia, or an affiliate, for a regional office at 2601 Victory Avenue. The package includes up to $2.7 million in incentives and a ten-year property tax abatement.

Who holds it

Bank of Nova Scotia holds this contract with City of Dallas city. Its other public contracts on record include work for Township of The North Shore and Town of Picture Butte.

What happens next

Term as filed: Ten-year tax abatement period.

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Contract details

Amount
Not to exceed $2,700,000.00
Document date
August 27, 2025
Term
Ten-year tax abatement period
Vendor
Bank of Nova Scotia
Agency
City of Dallas city
Source document
City of Dallas Agenda 2025-08-27 (Agenda)

Bank of Nova Scotia's other public contracts

Township of The North Shore, ONTownship Maintains Credit Facility with Bank · Oct 21, 2026Town of Picture Butte, CanadaRegulator Confirms Scotiabank Branch Closure Compliance · Aug 10, 2026UndisclosedMunicipality of Central Elgin, CanadaMunicipality reinvests funds with Bank of Nova Scotia · Aug 7, 2026Town of Whitecourt, CanadaBanking Services Agreement Extension Recommended for Approval · Jun 15, 2026UndisclosedTown of Grimsby, CanadaGrimsby Holds Long-Term Bank of Nova Scotia Bond · May 28, 2026UndisclosedAll Bank of Nova Scotia contractsVendor profile

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Questions about this contract

Who was awarded the government contract by City of Dallas city?

Bank of Nova Scotia was awarded this government contract by City of Dallas city, as recorded on August 27, 2025. The contract value is Not to exceed $2,700,000.00.

How much is the Bank of Nova Scotia contract with City of Dallas city worth?

The Bank of Nova Scotia contract with City of Dallas city is valued at Not to exceed $2,700,000.00.

What type of contract is this?

This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Dallas Agenda 2025-08-27 (Agenda), dated August 27, 2025 from City of Dallas city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Bank of Nova Scotia hold?

Bank of Nova Scotia may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Dallas city currently buying?

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

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