Middletown Plans 99-Year Ground Lease With Developer
Town of MiddletownCity · Middletown, RI- Disclosed value
- $1.00 per year
- From agreement
- Document date
- Nov 2, 2026
The 30-second brief
The Town plans to enter into a 99-year ground lease with Marathon Development LLC for the affordable housing property at $1 per year. The lease includes an option for an additional 99-year term and must be executed before the Developer proceeds under the agreement.
Marathon Development LLC holds this facilities contract with Town of Middletown. Its other public contracts on record include work for Rhode Island Industrial Facilities Corporation (Riifc) and Rhode Island Housing.
Term as filed: 99 years, with an option to extend for an additional 99 years.
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Contract details
- Contract type
- Facilities
- Amount
- $1.00 per year
- Document date
- November 2, 2026
- Term
- 99 years, with an option to extend for an additional 99 years
- Vendor
- Marathon Development LLC
- Agency
- Town of Middletown
- Source document
- Town of Middletown Agreement Development Agreement For Affordable Housing Project 2026-11-02 (Agreement)
Marathon Development LLC's other public contracts
More Town of Middletown contracts
Questions about this contract
Who was awarded the facilities contract by Town of Middletown?
Marathon Development LLC was awarded this facilities contract by Town of Middletown, as recorded on November 2, 2026. The contract value is $1.00 per year.
How much is the Marathon Development LLC contract with Town of Middletown worth?
The Marathon Development LLC contract with Town of Middletown is valued at $1.00 per year, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agreement record.
Where was this contract approved?
This contract appears in Town of Middletown Agreement Development Agreement For Affordable Housing Project 2026-11-02 (Agreement), dated November 2, 2026 from Town of Middletown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Marathon Development LLC hold?
Marathon Development 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.
What is Town of Middletown currently buying?
Explore Town of Middletown's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
