ECDC advances major incentive deal for Synergy project
Lombard village (pt.)City · Lombard, IL- Disclosed value
- $20,756,301 in TIF incentives plus $8,295,282 in BD2 sales tax incentives (projected)
- From minutes
- Document date
- Dec 8, 2025
The 30-second brief
The Economic & Community Development Committee directed staff to finalize an economic incentive agreement with Synergy Construction for a two-phase apartment redevelopment at the former Carson’s site, including $20.76 million in TIF incentives and $8.30 million in Business District sales tax incentives. The package supports eligible land acquisition, infrastructure, demolition, and open space improvements under a contemplated 17-year term with enhanced property tax sharing.
Synergy Construction holds this financial services contract with Lombard village (pt.). Its other public contracts on record include work for City of Ridgecrest and Tanglewood Forest Limited District.
Term as filed: TIF incentive period contemplated at 17 years; BD2 incentives duration not specified.
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- $20,756,301 in TIF incentives plus $8,295,282 in BD2 sales tax incentives (projected)
- Document date
- December 8, 2025
- Term
- TIF incentive period contemplated at 17 years; BD2 incentives duration not specified
- Vendor
- Synergy Construction
- Agency
- Lombard village (pt.)
- Source document
- village_of_lombard_economic_community_development.pdf (Minutes)
Synergy Construction's other public contracts
More Lombard village (pt.) contracts
Questions about this contract
Who was awarded the financial services contract by Lombard village (pt.)?
Synergy Construction was awarded this financial services contract by Lombard village (pt.), as recorded on December 8, 2025. The contract value is $20,756,301 in TIF incentives plus $8,295,282 in BD2 sales tax incentives (projected).
How much is the Synergy Construction contract with Lombard village (pt.) worth?
The Synergy Construction contract with Lombard village (pt.) is valued at $20,756,301 in TIF incentives plus $8,295,282 in BD2 sales tax incentives (projected), 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 village_of_lombard_economic_community_development.pdf (Minutes), dated December 8, 2025 from Lombard village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Synergy Construction hold?
Synergy Construction 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 Lombard village (pt.) currently buying?
Explore Lombard village (pt.)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.