High Five Entertainment Receives Amended Incentive Deal from Mansfield | City of Mansfield | HIGH FIVE ENTERTAINMENT LLC

Scope & details

The full contract record, as filed.

Contract amount

$13,750,000 maximum in all City Grants, MEDC Grants, and other Chapter 380 Grant Payments

Contract type

OTHER

Contract term

Until $13,900,000 in General Fund Sales Tax Revenues paid to City or up to sixteen (16) years beginning January 1, 2031; Ground lease 15 years or until 10th anniversary of hotel occupancy, whichever is sooner

Renewal date

2047-01-01

Renewal

First Amendment modifies and extends the original July 2023 agreement; performance and incentive obligations run up to 16 years or until $13.9 million in local sales tax is paid. Ground lease features a conversion to fee ownership on expiration. Parking agreement must be executed within 180 days.

Document type

Agenda

Source document

City of Mansfield Economic Development Corporation Meeting Agenda January 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Mansfield?

High Five Entertainment Llc was awarded this government contract by City of Mansfield, as recorded on January 30, 2024. The contract value is $13,750,000 maximum in all City Grants, MEDC Grants, and other Chapter 380 Grant Payments.

How much is the High Five Entertainment Llc contract with City of Mansfield worth?

The High Five Entertainment Llc contract with City of Mansfield is valued at $13,750,000 maximum in all City Grants, MEDC Grants, and other Chapter 380 Grant Payments.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Mansfield Economic Development Corporation Meeting Agenda January 2024 (Agenda), dated January 30, 2024 from City of Mansfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does High Five Entertainment Llc hold?

High Five Entertainment 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 High Five Entertainment Llc's profile

What is City of Mansfield currently buying?

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

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