Raleigh Commits Hospitality Tax Funds With Cary
Town of RaleighCity · MS- Disclosed value
- Up to $2.36 million per year for up to 25 years
- From meeting minutes
- Approved
- Feb 18, 2020
- Term
- Up to 25 years
The 30-second brief
The City of Raleigh approved committing up to $2.36 million per year in hospitality tax revenues for up to 25 years to support development of an indoor multipurpose sports facility with the Town of Cary. Staff are directed to work with Wake County and partner governments to finalize terms for subsequent authorizations.
Town of Cary holds this contract with Town of Raleigh. Its other public contracts on record include work for Town of Wood and Town of Apex town.
Term as filed: Up to 25 years.
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Contract details
- Amount
- Up to $2.36 million per year for up to 25 years
- Document date
- February 18, 2020
- Term
- Up to 25 years
- Vendor
- Town of Cary
- Agency
- Town of Raleigh
- Source document
- town-of-raleigh-meeting-minutes-2020-02-18_8df.txt (Meeting Minutes)
Town of Cary's other public contracts
More Town of Raleigh contracts
Questions about this contract
Who was awarded the government contract by Town of Raleigh?
Town of Cary was awarded this government contract by Town of Raleigh, as recorded on February 18, 2020. The contract value is Up to $2.36 million per year for up to 25 years.
How much is the Town of Cary contract with Town of Raleigh worth?
The Town of Cary contract with Town of Raleigh is valued at Up to $2.36 million per year for up to 25 years.
What type of contract is this?
This is a government contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in town-of-raleigh-meeting-minutes-2020-02-18_8df.txt (Meeting Minutes), dated February 18, 2020 from Town of Raleigh. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Town of Cary hold?
Town of Cary 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 Raleigh currently buying?
Explore Town of Raleigh's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.