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Old 07-19-2017, 10:15 AM
 
Location: Pittsburgh PA
401 posts, read 299,960 times
Reputation: 426

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Quote:
Originally Posted by justin_t80 View Post
Looks like this project is moving forward and construction may start this fall.

https://www.bizjournals.com/kansasci...dbreaking.html

3D rendering video of the development:

https://www.bizjournals.com/kansasci...ase-video.html
550 million in incentives? Holy cow!
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Old 07-19-2017, 02:55 PM
 
Location: Washington, DC area
10,705 posts, read 18,493,517 times
Reputation: 5409
Quote:
Originally Posted by justin_t80 View Post
Looks like this project is moving forward and construction may start this fall.

https://www.bizjournals.com/kansasci...dbreaking.html

3D rendering video of the development:

https://www.bizjournals.com/kansasci...ase-video.html
It's not a bad design at all. JoCo needs this type of development. The county is way too low density for their growth so it's not sustainable. But they are going to be asking for WAY too much in incentives for a suburban project. This is why incentives are nearly worthless to get developers and businesses to consider downtown KCMO or KCK and a big reason why there has been so little new office space added to urban areas of metro KC in decades.

Half billion incentives for this project, a billion for Cerner's campus. This is killing KC when every other city in the country is using incentives to rebuild urban areas, not build in suburbia.

Plus this project along with a similar project that was just announced next to the Sprint campus is going to add even more retail to an area that is totally saturated with retail space during a time when demand for retail space is shirking do to e-commerce. These projects have to have a retail component in order to cash in on incentives through tifs, star bonds and added on sales taxes (gotta love KC's 10% sales tax), but it's killing the ability redevelop areas like Metcalf South and Mission Center into anything decent and it will eventually kill places like Oak Park Mall and Leawood Town Center and it's killing the ability to use sales taxes for things they would be much better suited for (transit, parks, roads, schools, police, fire, water, regional cultural attractions etc).

You can't subsidize sprawl at these excessive rates and not have some pretty severe long term consequences.

Last edited by kcmo; 07-19-2017 at 03:08 PM..
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Old 07-20-2017, 04:37 PM
 
Location: Peoria, AZ
941 posts, read 1,004,515 times
Reputation: 1015
Quote:
Originally Posted by kcmo View Post
It's not a bad design at all. JoCo needs this type of development. The county is way too low density for their growth so it's not sustainable. But they are going to be asking for WAY too much in incentives for a suburban project. This is why incentives are nearly worthless to get developers and businesses to consider downtown KCMO or KCK and a big reason why there has been so little new office space added to urban areas of metro KC in decades.

Half billion incentives for this project, a billion for Cerner's campus. This is killing KC when every other city in the country is using incentives to rebuild urban areas, not build in suburbia.

Plus this project along with a similar project that was just announced next to the Sprint campus is going to add even more retail to an area that is totally saturated with retail space during a time when demand for retail space is shirking do to e-commerce. These projects have to have a retail component in order to cash in on incentives through tifs, star bonds and added on sales taxes (gotta love KC's 10% sales tax), but it's killing the ability redevelop areas like Metcalf South and Mission Center into anything decent and it will eventually kill places like Oak Park Mall and Leawood Town Center and it's killing the ability to use sales taxes for things they would be much better suited for (transit, parks, roads, schools, police, fire, water, regional cultural attractions etc).

You can't subsidize sprawl at these excessive rates and not have some pretty severe long term consequences.
I think we're almost at the tail end of these subsidized projects. Neither Kansas nor Missouri nor any of the cities involved can support it much longer.

Within the next 10 years the subsidies will dry up. KC will start to resemble and compete with places like Nashville and Indianapolis once that happens (as most new development will move to the urban core).
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Old 10-18-2017, 03:39 PM
 
Location: IN
20,168 posts, read 34,480,827 times
Reputation: 12507
Based on updated satellite imagery and ground confirmation reports from those I know in the area, it appears that the JOCO sprawl is shifting and building faster in western portions of Lenexa, Shawnee, and northwest Olathe.
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