Development
Critical Convention Hotel Agreements Before Development Agency, Includes $59.7 Million Private Investment
By Kevin Collison The long-awaited, 800-room downtown convention hotel is poised to begin construction in January if, as expected, the key city development agency handling its financing and property issues approves the deal Wednesday. The Land Clearance for Redevelopment Authority board is scheduled to consider the final financing and leasing agreements with KC Hotel Venture…
Downtown YMCA Project Wins Key State Funding Needed to Complete Fundraising
By Kevin Collison After a 36 year absence, a full-service YMCA is returning to downtown Kansas City following approval Tuesday of state tax credits needed to help finance building its new home in the historic Lyric Theater. The Missouri Development Finance Board approved up to $4 million in state tax credits, a move that’s expected…
If Historic Tax Credits Go Away, Local and National Redevelopment Will Come to a Crumbling Halt
GUEST COMMENTARY By Elizabeth Rosin Have you noticed how Kansas City has changed over the past decade, how vibrant our urban core has become? It was a gradual process that happened one property at a time. Most of these buildings were transformed using the historic tax credit (HTC), a tool that helps developers leverage private…
Historic Brookfield Building Reopening Soon as Hotel Indigo and Fairfax Lofts
By Kevin Collison Back in its previous heyday, the historic Fairfax building at 11th and Baltimore, later known as the Brookfield, was the place to buy a train or airplane ticket in Kansas City. When it opened in 1930, the 12-story Art Deco tower was named after the then-new Fairfax airport in Kansas City, Kan….
Transit Agency Pursuing Development in Big Way, Offering Strategic Block on 18th Street Near Crossroads, 18th & Vine
By Kevin Collison An entire city block along the strategic 18th Street corridor between the Crossroads and 18th & Vine Jazz District will be offered soon for development by the Kansas City Area Transportation Authority. The block on the north side of 18th between Troost and Forest is currently a greenfield and is expected to…