Town Reengages Eastern Sports Management For Complex
Town of TazewellCity · Tazewell, VA- Disclosed value
- $707,000 (existing contract value); $5,000,000–$5,500,000 (anticipated facility loan, annual debt service $363,000 for 40 years)
- From agendapacket
- Document date
- Sep 12, 2023
The 30-second brief
The Town of Tazewell maintains a $707,000 contract with Eastern Sports Management to develop and operate a proposed indoor sports complex, with an anticipated $5–$5.5 million, 40‑year loan and annual debt service of $363,000. Eastern Sports Management has committed to backing loan payments if necessary, and the Town plans to reactivate the project and formalize a comprehensive operating agreement.
Eastern Sports Management holds this professional services contract with Town of Tazewell. Its other public contracts on record include work for City of Lawton.
Term as filed: 40 years (anticipated bond term for sports complex debt service).
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Contract details
- Contract type
- Professional Services
- Amount
- $707,000 (existing contract value); $5,000,000–$5,500,000 (anticipated facility loan, annual debt service $363,000 for 40 years)
- Document date
- September 12, 2023
- Term
- 40 years (anticipated bond term for sports complex debt service)
- Agency
- Town of Tazewell
- Source document
- Town of Tazewell Agenda Packet 2023-09-12 (AgendaPacket)
Eastern Sports Management's other public contracts
More Town of Tazewell contracts
Questions about this contract
Who was awarded the professional services contract by Town of Tazewell?
Eastern Sports Management was awarded this professional services contract by Town of Tazewell, as recorded on September 12, 2023. The contract value is $707,000 (existing contract value); $5,000,000–$5,500,000 (anticipated facility loan, annual debt service $363,000 for 40 years).
How much is the Eastern Sports Management contract with Town of Tazewell worth?
The Eastern Sports Management contract with Town of Tazewell is valued at $707,000 (existing contract value); $5,000,000–$5,500,000 (anticipated facility loan, annual debt service $363,000 for 40 years), covering professional services work.
What type of contract is this?
This is a Professional Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Town of Tazewell Agenda Packet 2023-09-12 (AgendaPacket), dated September 12, 2023 from Town of Tazewell. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Eastern Sports Management hold?
Eastern Sports Management 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 Tazewell currently buying?
Explore Town of Tazewell's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.