City of Oklahoma Awards $2,000,000 Economic Development Incentive Contract to Villa Teresa Hotel (September 2025)
City of OklahomaCity · Oklahoma City, OK- Disclosed value
- $2,000,000
- From minutes
- Approved
- Sep 23, 2025
The 30-second brief
Villa Teresa Hotel project approved for $2M allocation over 15 years with phased reimbursement percentages
Villa Teresa Hotel holds this economic development incentive contract with City of Oklahoma.
Term as filed: 15 years (years 1-5 at 80%, years 6-15 at 60%).
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Contract details
- Contract type
- Economic Development Incentive
- Amount
- $2,000,000
- Document date
- September 23, 2025
- Term
- 15 years (years 1-5 at 80%, years 6-15 at 60%)
- Vendor
- Villa Teresa Hotel
- Agency
- City of Oklahoma
- Source document
- oklahoma_city_economic_development_trust_minutes_s.pdf (Minutes)
More City of Oklahoma contracts
Questions about this contract
Who was awarded the economic development incentive contract by City of Oklahoma?
Villa Teresa Hotel was awarded this economic development incentive contract by City of Oklahoma, as recorded on September 23, 2025. The contract value is $2,000,000.
How much is the Villa Teresa Hotel contract with City of Oklahoma worth?
The Villa Teresa Hotel contract with City of Oklahoma is valued at $2,000,000, covering economic development incentive work.
What type of contract is this?
This is a Economic Development Incentive contract, documented as a minutes record.
Where was this contract approved?
This contract appears in oklahoma_city_economic_development_trust_minutes_s.pdf (Minutes), dated September 23, 2025 from City of Oklahoma. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Villa Teresa Hotel hold?
Villa Teresa Hotel 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 Oklahoma currently buying?
Explore City of Oklahoma's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.