Posted this piece just before this afternoon’s murmurs that the stadium footprint could encroach on Crown Center. Coverage would take on whole new meaning if, say, Royals want to demolish any “underutilized” complex offices and move tenants into a new ballpark district.
We’ll see in a few hours!
Missouri is positioned to offer the Royals valuable subsidies, but the math doesn't equate to 50% of a new downtown stadium. Here's why.
www.bizjournals.com/kansascity/n...
Sea Life KC Aquarium, Legoland Discovery Center and other Crown Center staples could join the Royals in a Washington Square Park stadium TIF plan. That’s by design.
With NEW concept renderings of what a Royals stadium at Washington Square Park could look like.
www.bizjournals.com/kansascity/n...
A Royals stadium at Washington Square Park could mean sizable office projects not just onsite, but also in a surrounding ballpark district.
www.bizjournals.com/kansascity/n...
A photo of a print NYT headline saying the strait is open next to an IPhone NYT headline saying it’s closed
Schrödinger’s Strait of Hormuz
@mayor.nyc.gov: "If you are a Mario Kart fan, government is Yoshi and philanthropy is the Golden Mushroom, that edge we need to beat Bowser on the Rainbow Road. To belabor this metaphor even further, Bowser is corporate greed in this scenario."
The City Council's vote on a $600 million funding framework is a big first step, but far from the last, needed for a $1.9 billion Royals ballpark project at Washington Square Park.
www.bizjournals.com/kansascity/n...
Breaking from me, ahead of today's KC Council meeting:
KC planners will let Saint Luke’s put a parking lot in place of a former Plaza-area hotel — but are putting the health system on the clock to return with plans for a “higher and better” use.
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Overly rosy financial projections for the Power & Light District have left KC to cover nearly $200M in shortfalls on $295M in debt service to date.
Officials now say they’re being conservative modeling for as much as $600M in city-backed Royals bonds.
www.bizjournals.com/kansascity/n...
The latest $5.1 million pledge to Roy Blunt Luminary Park in Downtown is part of a broader $30 million commitment toward inclusive metro play spaces.
www.bizjournals.com/kansascity/n...
Here's a fuller look at what's now a $430 million-plus master plan with apartments, a luxury hotel and offices in the Crossroads Arts District.
www.bizjournals.com/kansascity/n...
Sea Life KC Aquarium, Legoland Discovery Center and other Crown Center staples could join the Royals in a Washington Square Park stadium TIF plan. That’s by design.
With NEW concept renderings of what a Royals stadium at Washington Square Park could look like.
www.bizjournals.com/kansascity/n...
Here are new insights on KC's Royals package from my conversation with Mayor Lucas, including:
--Generally how a Royals TIF district would be drawn
--Early stadium lease and management plans
--Simply put, "why now?"
www.bizjournals.com/kansascity/n...
Much to start unpacking today, and in the weeks ahead, relating to the Royals’ clear, if not official, interest in a Washington Square Park stadium project. My base story from this morning, with more to follow from a sitdown with Mayor Lucas on KC’s $600M+ offer.
www.bizjournals.com/kansascity/n...
Fast-forward, and debate over tweaks to KC’s set-aside policy, focused on its Housing Trust Fund payments, is well underway.
Compelling pivot at hand from old idea of trying to spur mixed-income units in luxury towers to now maximizing $$ to successful HTF.
www.bizjournals.com/kansascity/n...
My overview on what KC businesses and groups have pledged toward renewing the city's 1% earnings tax ahead of Tuesday's election. Of note, out of at least 58 unique contributors, as many as 27 were new compared to the 2021 e-tax vote, per available MO reports.
www.bizjournals.com/kansascity/n...
Little-known: Oracle inherited TIF for data centers originally eyed by Cerner in south KC...but even with the tech giant spending billions on AI infrastructure (and laying off tens of thousands to fund it), it has no apparent plans to use them.
www.bizjournals.com/kansascity/n...
Michael Collins, the chap who took this photograph, remains the only person on earth to have taken a photo that had everyone in shot aside himself.
If Artemis is going up then it gives me an excuse to once again post this photo, the only one to contain every human being in the universe but one.
The KC Symphony confirmed plans for a new South Plaza music venue with a 4,600-person capacity that falls in a "sweet spot" in terms of seating at existing area venues.
Live orchestrated film showings will be a focus and construction could start later this year.
www.bizjournals.com/kansascity/n...
Block Real Estate is proposing a new plan for a Mission office tower after pivoting from its original plan to tear it down.
Dear Media: There is no other way of putting this. The Fake News's contumacious insistence on reporting what is actually happening in Iran rather than what Donald Trump would prefer was happening is setting back the war effort. So we at the FCC would like to provide you with some suggestions for updating your coverage. This is not a threat. However, please remember that we are in the process of consolidating every media company under the control of a man with a named boat who hates all the programming and has preemptively given Donald Trump his kidney, "just in case it ever comes in handy."
www.theatlantic.com/newsletters/...
Nothing.
NEW: Foreign investors are suing the old KC Fed building's owner over a 'financial web' of mismanagement they say doomed a different historic project.
Sixth foreclosure attempt in past ~14 months scheduled in five minutes. Last five got continued or canceled.
www.bizjournals.com/kansascity/n...
An aspiring hospitality developer eyes a $28 million hotel plan outside the traditional urban mold at a historic Quality Hill campus.
www.bizjournals.com/kansascity/n...
This $228M Belton development got approved with 600 apartments and an indoor entertainment complex with B&B Theatres where “you can play video games and listen to go-karts zip around over your head.”
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TIF could help turn "a horrible piece of property on a great location" into a $2.3 billion mixed-use development in KC's Northland
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Cordish Cos. and KC are backing a Missouri bill that would revive and expand state incentives that funded the Power & Light District. Filed by St. Louis lawmakers, it would support what Cordish says is $2.5B in otherwise-unviable statewide investment.
www.bizjournals.com/kansascity/n...
Five months ago, KC asked private donors to pledge another $21M for Blunt Luminary Park (for $50M total) before considering ~$65M more in bonds (for $90M total). Private pledges since totaled $1.75M, renewing council scrutiny over the park's path forward.
www.bizjournals.com/kansascity/n...
