CONTRACTREJECTED

EverBank downtown retention grant rejected by DIA

Disclosed value: Approximately $980,000 per year city contribution over 10 years (about $9.8 million total); From agendapacket
Document date: Mar 18, 2026
Term: 10 years

What it covers

The Downtown Investment Authority considered but rejected a ten-year retention grant of roughly $9.8 million to EverBank to incentivize renewal of its downtown lease. The proposal was intended to offset operating costs and prevent significant new vacancy but failed on a 2-7 vote.

Who holds it

EVERBANK holds this financial services contract with Downtown Investment Authority (DIA). Its other public contracts on record include work for San Mateo County MVCD and Big Bear Fire Authority.

What happens next

Term as filed: 10 years.

See who signed off on this contract.

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Contract details

Contract type: Financial Services
Amount: Approximately $980,000 per year city contribution over 10 years (about $9.8 million total)
Document date: March 18, 2026
Term: 10 years
Vendor: EVERBANK
Agency: Downtown Investment Authority (DIA)
Source document: Downtown Investment Authority AgendaPacket Board Meeting 2026-03-18 (AgendaPacket)

EVERBANK's other public contracts

San Mateo County MVCD, CaliforniaEverBank Proposal Reviewed for Capital Project · Oct 14, 2026 Big Bear Fire Authority, CaliforniaFire Authority Pays Everbank Loan Interest · Sep 28, 2026$1.6K Big Bear Fire Authority, CaliforniaFire Authority Approves Everbank Tax Revenue Loan · Jul 14, 2026Undisclosed Humboldt Waste Management Authority, CaliforniaEverBank Loan Approved For HWMA Property Purchase · Jul 9, 2026 Humboldt Waste Management Authority, CaliforniaWaste Authority Approves 15-Year EverBank Property Loan · Jun 25, 2026 All EVERBANK contractsVendor profile

More Downtown Investment Authority (DIA) contracts

DVIDVI Marketing Contract Amendment On Agenda · Aug 27, 2026Undisclosed UFUF Access Agreement Considered By DIA Board · Aug 27, 2026Undisclosed Dapper D’sBoard To Consider Dapper D’s Contract Modification · Aug 27, 2026Undisclosed Pfm Advisors LLCPFM Advisors wins DIA financial consulting contract · Jun 24, 2026Undisclosed 100 N Laura St LLCDIA approves façade grant for 100 North Laura · Jun 24, 2026Up to $75,000 All Downtown Investment Authority (DIA) activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Downtown Investment Authority (DIA)?

EVERBANK was awarded this financial services contract by Downtown Investment Authority (DIA), as recorded on March 18, 2026. The contract value is Approximately $980,000 per year city contribution over 10 years (about $9.8 million total).

How much is the EVERBANK contract with Downtown Investment Authority (DIA) worth?

The EVERBANK contract with Downtown Investment Authority (DIA) is valued at Approximately $980,000 per year city contribution over 10 years (about $9.8 million total), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Downtown Investment Authority AgendaPacket Board Meeting 2026-03-18 (AgendaPacket), dated March 18, 2026 from Downtown Investment Authority (DIA). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does EVERBANK hold?

EVERBANK 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 Downtown Investment Authority (DIA) currently buying?

Explore Downtown Investment Authority (DIA)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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