North Union investor interest buyout
City of DanvilleVirginia- Detected
- Jul 14, 2026
- 111 days ago
- Sector
- Capital Projects
- Est. value
- Free account
Get pre-RFPs like this one as they surface.
Get briefs like this freeFree account · 30-second setup · No credit card
THE 30-SECOND BRIEF
The IDA approved an Assignment and Assumption Agreement under which IDA Danville Manager, LLC will acquire the investor-member interest of AAL Investor, LLC in North Union Master Tenant, LLC for $16,868.52. North Union Master Tenant was created to lease and rehabilitate the North Union historic property using federal historic tax credits. With the tax-credit investor exiting and the IDA-affiliated manager assuming full interests and obligations, control consolidates locally, signaling potential future refinancing, redevelopment refinements, or additional capital projects around the North Union site.
Agreement includes indemnities, tax-credit compliance/recapture protections, and requirement to obtain lender/third-party approvals; indicates tax-credit period is maturing on North Union redevelopment.
From the meeting
- Meeting date
- July 14, 2026
- Agency
- City of Danville
More from City of Danville
Similar pre-RFPs forming now
Matching work at other agencies, before it reaches a bid portal.
Questions about this project
What is a pre-RFP?
A pre-RFP is an early indicator that a government agency is planning a purchase — a project discussed in a board meeting, a budget line item, a new hire, or a grant award — captured before a formal RFP or bid is published. Acting on pre-RFPs gives SLED and B2G vendors months of lead time to build relationships and shape requirements.
When will City of Danville issue an RFP for this project?
Pre-RFPs typically surface 6–18 months before a formal solicitation is published. Civic IQ tracks City of Danville's meeting records, agendas, and budgets continuously and updates this pre-RFP as the project moves through the buying cycle toward an RFP.
How can vendors engage with City of Danville before the RFP is published?
Vendors who reach out during the planning window can help shape requirements and build relationships with the decision-makers running the project. A free Civic IQ account sends you the pre-RFPs that fit what you sell, with the AI brief and the decision makers for the top matches in each digest.
Where can I find more capital projects government opportunities in Virginia?
Civic IQ monitors board meetings, agendas, budgets, and capital plans from 100,000+ state and local agencies and surfaces capital projects pre-RFPs in Virginia as soon as they appear — months before they reach bid portals.