Projects That Kansas City Taxpayers Are Still Paying Off | KCUR

Projects That Kansas City Taxpayers Are Still Paying Off

Jul 21, 2015

There's been a lively debate surrounding the proposed downtown convention hotel in Kansas City.

The $311 million development would cost the city $35 million to land, according to city documents. The project would receive some tax breaks from the city, which also will provide some tax revenue to help finance the project.

As the discussion continues about how much the hotel will cost taxpayers and how much real revenue it's expected to attract to the area, we looked back at some some other development projects to see how much the city still owes. 

Here's the financial status of each project, as of April 30, 2014: 

1. Kansas City Power & Light District

Kansas City Power and Light District
Credit Ashley Turner / Flickr-CC

  • Total outstanding debt owed by the city: $279.9 million 
  • Anticipated payoff date: 2039
  • Finance method: City bonds, tax abatement, including tax-increment financing and Transportation Development District tax revenue

2. Kemper Arena

Kemper Arena
Credit Julie Denesha / KCUR

  • Total outstanding debt owed by the city: $2.2 million
  • Anticipated payoff date: 2016
  • Finance method:  Hotel and motel/restaurant tax and municipal revenue

3. Bartle Hall Expansion (Kansas City Convention Center)

Bartle Hall
Credit City of Kansas City, Missouri

  • Total outstanding debt: $226.9 million
  • Anticipated payoff date: 2034
  • Finance method: Hotel and motel/restaurant tax, matching funds from the state of Missouri and municipal revenue

4. Sprint Center

Sprint Center
Credit Paul Sableman / Flickr-CC

  • Total outstanding debt: $202.9 million
  • Anticipated payoff date: 2040
  • Finance method: Car rental and hotel fees, municipal revenue