Urbana Approves Race Street Ventures Redevelopment Agreement | Town of Urbana | RACE STREET VENTURES LLC

Scope & details

The full contract record, as filed.

Contract amount

$2,135,000 minimum estimated project cost; TIF distributions totaling $258,000

Contract type

OTHER

Contract term

Effective Date through completion of all eligible redevelopment project payments or termination of the Redevelopment Project Area, whichever occurs first; original Project Completion Date March 31, 2026

Renewal date

2026-03-31

Renewal

The agreement was later amended to extend the Project Completion Date first to October 31, 2026, and subsequently to December 31, 2026.

Document type

Agenda

Source document

City of Urbana Agenda 2026-10-19

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City of Urbana Agenda Rescheduled City Council Meeting October 19, 2026

AMENDED

Town of Urbana, IllinoisOct 18, 2026

City of Urbana Agenda 2026-10-19

PENDING

Town of Urbana, IllinoisOct 18, 2026

City of Urbana Agenda 2026-10-19

AMENDED

Town of Urbana, IllinoisOct 18, 2026

City of Urbana AgendaPacket City Council Regular Meeting 2026-10-12

AMENDED

Town of Urbana, IllinoisNo change to the previously authorized estimated project cost of $2,135,000 or TIF distributions totaling up to $258,000Oct 12, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Urbana?

Race Street Ventures Llc was awarded this government contract by Town of Urbana, as recorded on October 18, 2026. The contract value is $2,135,000 minimum estimated project cost; TIF distributions totaling $258,000.

How much is the Race Street Ventures Llc contract with Town of Urbana worth?

The Race Street Ventures Llc contract with Town of Urbana is valued at $2,135,000 minimum estimated project cost; TIF distributions totaling $258,000.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Urbana Agenda 2026-10-19 (Agenda), dated October 18, 2026 from Town of Urbana. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Race Street Ventures Llc hold?

Race Street Ventures 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.

View Race Street Ventures Llc's profile

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