City of Bridgeport Awards $3,161,815 Tax Incentive Contract to Crescent Crossings 1c (June 2023)
City of BridgeportCity · WA- Disclosed value
- $3,161,815
- From agenda
- Approved
- Jun 20, 2023
- Term
- 15 years
The 30-second brief
The Developer will continue to own and operate the Project which would ordinarily be subject to real and personal property taxes ("Taxes"). The Taxes to be fully abated during a two-year construction and lease-up period and thereafter to be phased-in during the first fifteen (15) years of the Project's operation commencing with the first Tax payment due July 1, 2025 and concluding with the Tax payment due January 1, 2040.
Crescent Crossings 1c holds this tax incentive contract with City of Bridgeport. Its other public contracts on record include work for Town of Bridgeport.
Term as filed: 15 years.
See who signed off on this $3.2M contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Tax Incentive
- Amount
- $3,161,815
- Document date
- June 20, 2023
- Term
- 15 years
- Vendor
- Crescent Crossings 1c
- Agency
- City of Bridgeport
- Source document
- city-of-bridgeport-city-council-agenda-key-grant-submissions-a-v-upgrades-jun-20-2023_9b1.pdf (Agenda)
Crescent Crossings 1c's other public contracts
More City of Bridgeport contracts
Questions about this contract
Who was awarded the tax incentive contract by City of Bridgeport?
Crescent Crossings 1c was awarded this tax incentive contract by City of Bridgeport, as recorded on June 20, 2023. The contract value is $3,161,815.
How much is the Crescent Crossings 1c contract with City of Bridgeport worth?
The Crescent Crossings 1c contract with City of Bridgeport is valued at $3,161,815, covering tax incentive work.
What type of contract is this?
This is a Tax Incentive contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-bridgeport-city-council-agenda-key-grant-submissions-a-v-upgrades-jun-20-2023_9b1.pdf (Agenda), dated June 20, 2023 from City of Bridgeport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Crescent Crossings 1c hold?
Crescent Crossings 1c 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 Bridgeport currently buying?
Explore City of Bridgeport's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.