CONTRACTONGOING

Ramada Inn Hotel Lease Supported by IDA

Geneva Housing Authority
Disclosed value
$8,366,000.00 total project amount; $8,366,000.00 benefited project amount
From report
Document date
Sep 30, 2019
Renews
Free account

The 30-second brief

What it covers

The Geneva Industrial Development Agency supports a long-term hotel lease project with Ramada Inn valued at $8,366,000. Through 2026 the IDA provides property tax exemptions and a substantial local PILOT while helping maintain and grow hospitality employment to 115 jobs.

Who holds it

Ramada Inn holds this contract with Geneva Housing Authority. Its other public contracts on record include work for Kimball School District 07-2 and City of Alpena.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Geneva Housing Authority contract.

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Contract details

Amount
$8,366,000.00 total project amount; $8,366,000.00 benefited project amount
Document date
September 30, 2019
Term
Financial assistance planned to end in 2026; IDA took title on 1/1/1997
Renews
Free account
Source document
Geneva Industrial Development Agency Annual Report 2019 (Report)

Ramada Inn's other public contracts

More Geneva Housing Authority contracts

Questions about this contract

Who was awarded the government contract by Geneva Housing Authority?

Ramada Inn was awarded this government contract by Geneva Housing Authority, as recorded on September 30, 2019. The contract value is $8,366,000.00 total project amount; $8,366,000.00 benefited project amount.

How much is the Ramada Inn contract with Geneva Housing Authority worth?

The Ramada Inn contract with Geneva Housing Authority is valued at $8,366,000.00 total project amount; $8,366,000.00 benefited project amount.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Geneva Industrial Development Agency Annual Report 2019 (Report), dated September 30, 2019 from Geneva Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Ramada Inn hold?

Ramada Inn 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 Geneva Housing Authority currently buying?

Explore Geneva Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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