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Novi Properties, LBRA signs $3.8M redevelopment contract

City of Lansing logoCity of Lansing
Disclosed value
$3,837,607
From agenda
Document date
Jun 11, 2025
Term
30 years

The 30-second brief

What it covers

The City of Lansing has set a public hearing for the Brownfield Plan #86, which will be implemented by the LBRA and will use tax increment financing to reimburse Novi Properties, LLC for redevelopment costs, estimated total cost is around $3,837,607.

Who holds it

Novi Properties holds this redevelopment contract with City of Lansing.

What happens next

Term as filed: 30 years.

See who signed off on this $3.8M contract.

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Contract details

Contract type
Redevelopment
Amount
$3,837,607
Document date
June 11, 2025
Term
30 years
Vendor
Novi Properties
Agency
City of Lansing
Source document
city-of-lansing-committee-on-development-and-planning-agenda-june-11-2025_5a5.pdf (Agenda)

Novi Properties's other public contracts

City of Lansing, Michigan$384K Brownfield Loan Approved for Novi Properties · Aug 8, 2025$384.1KCity of Lansing, MichiganNovi Properties Brownfield Plan #86 Approved · Jul 28, 2025UndisclosedCity of Lansing, MichiganNovi Properties Brownfield Plan for W. Miller Rd. Approved · Jul 28, 2025City of Lansing, MichiganNovi Properties awarded 30-year Brownfield Plan for redevelopment · Jul 23, 2025UndisclosedCity of Lansing, MichiganNovi Properties Aims for Brownfield Plan Approval · Jun 11, 2025$439.5KAll Novi Properties contractsVendor profile

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Questions about this contract

Who was awarded the redevelopment contract by City of Lansing?

Novi Properties was awarded this redevelopment contract by City of Lansing, as recorded on June 11, 2025. The contract value is $3,837,607.

How much is the Novi Properties contract with City of Lansing worth?

The Novi Properties contract with City of Lansing is valued at $3,837,607, covering redevelopment work.

What type of contract is this?

This is a Redevelopment contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-lansing-committee-on-development-and-planning-agenda-june-11-2025_5a5.pdf (Agenda), dated June 11, 2025 from City of Lansing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Novi Properties hold?

Novi Properties 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 Lansing currently buying?

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

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