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Luring Panasonic to Kansas with $830 million of incentives was considered a major victory for the state. But as the company builds its $4 billion plant in De Soto, it’s unclear if state lawmakers will even allow another mega-project package.
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The Mission City Council in January approved a new redevelopment agreement for the project on the site of the former Mission Center Mall, which has yet to materialize after 17 years. Now a New York bank is suing to foreclose its mortgage on the property.
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Lucas promised to prioritize the needs of everyday Kansas Citians. Looking at an all-but-guaranteed second term, he says he's lived up to those promises.
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Jackson County has warned that property assessments are increasing this year, and although that does not necessarily mean an increase in property tax bills, many homeowners are reminded of the rocky assessment cycle in 2019, when 24,000 property owners saw their assessments double.
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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.