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Kansas City denies tax breaks for apartments on streetcar line after outcry from schools and tenantsChicago-based Mac Properties was seeking tax incentives from the Kansas City Area Transportation Authority for a $100 million apartment and retail project in Midtown with no units designated as "affordable." City Council rejected a similar request last year.
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The state entered an agreement with Integra Technologies to provide $300 million of incentives for the company to build the plant and create 2,000 new jobs in Wichita. But the deal still hinges on federal funding.
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City estimates show Kansas City Public Schools missed out on $45 million in tax revenue last year because of tax breaks for developers and businesses — and that amount has only been growing over the last five years.
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KCATA's development arm aims to create walkable, mixed-use neighborhoods with easy access to public transit. But some Kansas City leaders are concerned about the agency's use of tax incentives — and lack of affordable housing requirements.
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Critics say that the streamlined tax incentive process under Ordinance 220701 would prevent Kansas City residents from providing input on developments that could affect their children’s schools or their own cost of housing.
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During a special session, lawmakers also passed legislation last week that cuts Missouri’s income tax. Both bills now head to Gov. Mike Parson’s desk, where he is expected to sign them.
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De Soto, Kansas, will be the home of a new $4 billion Panasonic plant to make batteries for electric cars. Officials promise the plant will create 4,000 new jobs and bring thousands of new residents to the region, but it took a lot of tax incentives to land the deal.
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Kansas is giving Panasonic $829 million in incentives to build a $4 billion electric vehicle battery plant that promises 4,000 employees. Other states have spent more, on average, to lure employers.
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State officials announced that Panasonic Energy chose Kansas for the plant because of its tax rates and taxpayer incentives.
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The facility near Manhattan will create 500 jobs and join the animal health corridor in the region.
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The legislature is being asked to update incentives policies for the multi-billion dollar deals of the 21st century.
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For the first time, African American leaders will fill several key positions in Wyandotte County’s Unified Government. Can they turn around a long history of coverup and corruption? Plus, Kansas officials are close to a deal for a $4 billion manufacturing plant, but need lawmakers to approve huge tax breaks for a mystery company.