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A new tax credit could help fill financial gaps for projects and ease housing shortages in the region. The office buildings must be in a downtown or central business district area, and 25 years or older, but converting them into apartments isn't cheap.
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The city will negotiate a deal with the team, which will give hundreds of millions in incentives so the Current can further develop the riverfront.
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Projects like the Royals’ proposed ballpark at Crown Center and the Current’s riverfront stadium expansion could receive additional city and state funding through the MODESA program.
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The Current are planning to expand the club’s stadium and entertainment district. The city could pitch in with a $235 million bond and a tax break for the area.
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Supporters say the $15 billion project in Montgomery County, Missouri, will bring jobs and tax revenue. Some residents say no one asked them
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Some Kansans are spooked by data centers as the likelihood of the state hosting more big tech facilities is rising. One positive to all the hullabaloo? Heightened civic engagement early in local proceedings.
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A plan to renovate the Country Club Plaza is being reviewed by the Kansas City Council. Some neighbors and historic preservation advocates have concerns.
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For five years, Kansas City has required developers to set aside affordable housing units if they get a tax break — but Port KC undermined that rule by offering its own incentives. Under a proposal by Mayor Quinton Lucas, Kansas City Council is considering slashing the fee by 95%.
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Public ownership of the new Chiefs stadium would shield bonds for the project from the federal income tax.
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Independence City Council set to vote Monday night on AI data center tax incentives. Approval would mean the data center developer would pay a fraction of the taxes it would normally owe on buildings, land and equipment.
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The Unified Government passed an ordinance on a 7-3 vote to divert sales tax revenue to help finance the new Chiefs stadium in Kansas City, Kansas. Multiple residents expressed concerns about the city’s inability to adequately fund government functions while giving away millions to billionaires.
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Olathe council members voted unanimously to commit some sales and hotel guest taxes revenues as part of the Chiefs deal that will bring a new training facility and HQ to the city. Many residents at a public hearing spoke against the plan over a lack of transparency.