Virginia Beach Considers Dragas Golf Course Development Agreement
Virginia Beach Public UtilitiesUtility District · Virginia Beach, VA- Disclosed value
- $17,940,000 purchase price; approximately $27,700,000 estimated golf-course investment, including $11,800,000 in additional private investment
- From agendapacket
- Document date
- Jul 14, 2026
The 30-second brief
Virginia Beach City Council is considering authorizing a Purchase and Development Agreement with Dragas Associates, Inc. for approximately 300 acres surrounding Virginia Beach National Golf Course. The proposed $17.94 million purchase would support a broader approximately $27.7 million golf-course refurbishment and development project, with settlement due within 90 days after required permits are obtained.
Dragas Associates Inc holds this contract with Virginia Beach Public Utilities. Its other public contracts on record include work for City of Virginia Beach and City of Chesapeake.
Term as filed: Purchase and Development Agreement to be executed after City Council approval; settlement on or before 90 days after all required local, state, and federal permits are received.
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Contract details
- Amount
- $17,940,000 purchase price; approximately $27,700,000 estimated golf-course investment, including $11,800,000 in additional private investment
- Document date
- July 14, 2026
- Term
- Purchase and Development Agreement to be executed after City Council approval; settlement on or before 90 days after all required local, state, and federal permits are received
- Vendor
- Dragas Associates Inc
- Source document
- City of Virginia Beach AgendaPacket City Council Agenda July 14, 2026 (AgendaPacket)
Dragas Associates Inc's other public contracts
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Questions about this contract
Who was awarded the government contract by Virginia Beach Public Utilities?
Dragas Associates Inc was awarded this government contract by Virginia Beach Public Utilities, as recorded on July 14, 2026. The contract value is $17,940,000 purchase price; approximately $27,700,000 estimated golf-course investment, including $11,800,000 in additional private investment.
How much is the Dragas Associates Inc contract with Virginia Beach Public Utilities worth?
The Dragas Associates Inc contract with Virginia Beach Public Utilities is valued at $17,940,000 purchase price; approximately $27,700,000 estimated golf-course investment, including $11,800,000 in additional private investment.
What type of contract is this?
This is a government contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Virginia Beach AgendaPacket City Council Agenda July 14, 2026 (AgendaPacket), dated July 14, 2026 from Virginia Beach Public Utilities. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Dragas Associates Inc hold?
Dragas Associates Inc 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 Virginia Beach Public Utilities currently buying?
Explore Virginia Beach Public Utilities's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.