CONSTRUCTIONAPPROVED

Florida Polytechnic University Awards Construction Contract to Gilbane Development Company (September 2026)

Florida Polytechnic University authorized negotiations with Gilbane Development Company for a public-private partnership to design, build, finance, operate, and maintain Phase 4 student housing and a new dining facility. The project is expected to use approximately $110 million in tax-exempt bonds and a 50-year lease, with final agreements pending further approval.

Document date · September 24, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
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Scope & details

The full contract record, as filed.

Contract amount
Approximately $110 million in tax-exempt bonds; total projected payments of $153 million
Contract type
CONSTRUCTION
Contract term
Construction targeted for December 2026 through August 2028; 50-year lease
Renewal
Final development, ground lease, and related agreements must return to the Board of Trustees for approval after Board of Governors review; Gilbane also has a first right of refusal for a potential Phase 5 expansion.
Document type
AgendaPacket
Source document
Florida Polytechnic University AgendaPacket Board of Trustees Meeting September 24 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Florida Polytechnic University?

Gilbane Development Company was awarded this construction contract by Florida Polytechnic University, as recorded on September 24, 2026. The contract value is Approximately $110 million in tax-exempt bonds; total projected payments of $153 million.

How much is the Gilbane Development Company contract with Florida Polytechnic University worth?

The Gilbane Development Company contract with Florida Polytechnic University is valued at Approximately $110 million in tax-exempt bonds; total projected payments of $153 million, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Florida Polytechnic University AgendaPacket Board of Trustees Meeting September 24 2026 (AgendaPacket), dated September 24, 2026 from Florida Polytechnic University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Gilbane Development Company hold?

Gilbane Development Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Florida Polytechnic University currently buying?

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