Kansas, Missouri battle over companies

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KCPowercat
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Re: Kansas, Missouri battle over companies

Postby KCPowercat » Fri Apr 15, 2016 1:25 pm

This whole time it's been basically equal jobs going back and forth. The media seems to highlight the "KS is winning" jobs from MO side but numbers showed MO was getting those jobs back in other deals.... Not like either side was winning obviously.

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ldai_phs
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Re: Kansas, Missouri battle over companies

Postby ldai_phs » Sun May 08, 2016 10:53 am

http://www.npr.org/rss/podcast.php?id=510289

Planet Money/NPR released a podcast about the border war. It's a good listen.

earthling
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Re: Kansas, Missouri battle over companies

Postby earthling » Thu Sep 22, 2016 12:12 pm

Employment screening company moving 230 jobs from Overland Park to South KCMO. Unfortunately with incentives, about $5.1M.
http://www.bizjournals.com/kansascity/n ... -move.html

JoCo also might get hit with CenturyLink employee cuts...
http://www.bizjournals.com/kansascity/n ... -city.html

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Re: Kansas, Missouri battle over companies

Postby flyingember » Thu Sep 22, 2016 12:26 pm

earthling wrote:Employment screening company moving 230 jobs from Overland Park to South KCMO. Unfortunately with incentives, about $5.1M.
http://www.bizjournals.com/kansascity/n ... -move.html


Incentives are contingent on job creation.
http://www.kansascity.com/news/business ... 30947.html

ironically it says they're moving in the same building as Applebees which is leaving the KC region.
Applebees moved to KCMO for the same incentives program and it appears they never created or retained the higher number of jobs to get the incentives.

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Re: Kansas, Missouri battle over companies

Postby Highlander » Sun Dec 04, 2016 3:17 pm

Not really a relocation but a merger. Any chance the KCPL - Westar merger will add employees to downtown KC? Westar is huge for Topeka, it would be interesting to see if many of those jobs move to downtown KC after the merger. Isn't Great Plains in 1 KC Place?

http://www.kansascity.com/news/business ... 83263.html

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Re: Kansas, Missouri battle over companies

Postby beautyfromashes » Sat Dec 17, 2016 2:37 pm

I know the city council proposed a change to the available percentage of TIF for a development. I wish there was a way to allow full TIF for developments that are majority commercial and bring jobs into the core. I understand the need to cut the percentage for residential condo conversions as those have already started to take off on there own, but we need a focused plan to start bringing more jobs into the city. It will stunt growth if we don't get that piece changed quickly.

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Re: Kansas, Missouri battle over companies

Postby KCTOGA » Sat Dec 17, 2016 6:26 pm

beautyfromashes wrote:I know the city council proposed a change to the available percentage of TIF for a development. I wish there was a way to allow full TIF for developments that are majority commercial and bring jobs into the core. I understand the need to cut the percentage for residential condo conversions as those have already started to take off on there own, but we need a focused plan to start bringing more jobs into the city. It will stunt growth if we don't get that piece changed quickly.

=D> =D> =D> This exactly!!!!

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Re: Kansas, Missouri battle over companies

Postby kboish » Mon Jan 23, 2017 9:04 am

Intrastate boarder war...

OP is considering providing incentives to poach a Leawood wealth management firm.

http://www.bizjournals.com/kansascity/news/2017/01/20/creative-planning-headquarters-overland-park.html

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Re: Kansas, Missouri battle over companies

Postby brewcrew1000 » Thu Jan 26, 2017 4:07 pm

Didn't really know where to put this but couldn't this severely affect KC Southern since they have a huge network in Mexico.
https://www.nytimes.com/2017/01/26/us/p ... trump.html

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Re: Kansas, Missouri battle over companies

Postby kboish » Thu Jan 26, 2017 5:06 pm

Garmin wants tax abatement for its HQ expansion in Olathe. Its kind of funny that they had a ground breaking ceremony for this last fall and then wait till February to say- oh yeah and we want you to pay for this.

http://www.bizjournals.com/kansascity/news/2017/01/26/garmin-olathe-incentives-request.html

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Re: Kansas, Missouri battle over companies

Postby KCTOGA » Thu Jan 26, 2017 8:44 pm

kboish wrote:Garmin wants tax abatement for its HQ expansion in Olathe. Its kind of funny that they had a ground breaking ceremony for this last fall and then wait till February to say- oh yeah and we want you to pay for this.

http://www.bizjournals.com/kansascity/news/2017/01/26/garmin-olathe-incentives-request.html

They would look good in that new tornado tower dream north of the Sprint Center.

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Re: Kansas, Missouri battle over companies

Postby JBmidtown » Thu Jan 26, 2017 9:19 pm

KCTOGA wrote:
kboish wrote:Garmin wants tax abatement for its HQ expansion in Olathe. Its kind of funny that they had a ground breaking ceremony for this last fall and then wait till February to say- oh yeah and we want you to pay for this.

http://www.bizjournals.com/kansascity/news/2017/01/26/garmin-olathe-incentives-request.html

They would look good in that new tornado tower dream north of the Sprint Center.


Keep dreaming

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Re: Kansas, Missouri battle over companies

Postby mykn » Thu Jan 26, 2017 10:34 pm

KCTOGA wrote:
kboish wrote:Garmin wants tax abatement for its HQ expansion in Olathe. Its kind of funny that they had a ground breaking ceremony for this last fall and then wait till February to say- oh yeah and we want you to pay for this.

http://www.bizjournals.com/kansascity/news/2017/01/26/garmin-olathe-incentives-request.html

They would look good in that new tornado tower dream north of the Sprint Center.


Garmin is such a conservative suburban place, they would never move downtown. It isn't in their blood.

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Re: Kansas, Missouri battle over companies

Postby KCDowntown » Wed Apr 12, 2017 12:27 am

I've seen various tenant finish permits over the last couple of weeks (but can't find them now) for GlynnDevins, an ad agency currently located on College Blvd in OP, opening a location in one of the office buildings along the southern edge of Ward Parkway. I don't know if it is part or all of the company, just that it is a company jumping the State Line.

KCDowntown

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Re: Kansas, Missouri battle over companies

Postby kboish » Tue May 16, 2017 11:02 am

It never ceases to amaze me the amount of greenfield TIF that gets approved in the metro. Especially in Kansas. People wonder how we become a sprawling mess and why it can be difficult to redevelop the east side and areas downtown? Well, just look at all these projects below. Look at what DT has to compete with for development. Somehow, DT is attractive enough that midsize hotels and apartment projects no longer seem to need incentive, but just look at the Brookridge development and the massive subsidies they are throwing at it. I though that area was supposed to be the nicest in the metro where any developer or business would die to locate? Guess not. Below is just a brief summary of projects, but there are certainly many more one off hotel and apartment projects sprinkled throughout JoCo that get some sort of TIF or abatement.

KS

http://www.bizjournals.com/kansascity/news/2017/05/16/brookridge-redevelopment-office-building-grows.html

fter the downsizing, the total amount of incentives the developer is eligible to receive through tax increment financing and Kansas sales tax revenue (STAR) bonds remains about $550 million.


http://www.bizjournals.com/kansascity/news/2017/05/15/metcalf-108-incentives-request.html

A development partnership proposing a 150,000-square-foot office tower and a new 123-room hotel on the site of a shuttered Overland Park hotel is seeking tax increment financing for the $70 million project.


http://www.bizjournals.com/kansascity/news/2016/12/27/westgate-bonner-springs-tif-request.html

The developers of Westgate, a $130 million mixed-use project at the southwest corner of 118th Street and State Avenue, will be requesting tax-increment financing during the Jan. 23 meeting of the Bonner Springs City Council



KCMO Greenfield TIF

http://www.bizjournals.com/kansascity/news/2016/06/08/md-management-platte-purchase-tif-request.html

MD Management Inc. plans to seek tax increment financing to help cover $65 million worth of public infrastructure improvements needed to serve its Costco-anchored Platte Purchase development project in the Northland

(This own is getting ready to open)

KCMOJoe89
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Re: Kansas, Missouri battle over companies

Postby KCMOJoe89 » Thu Sep 07, 2017 8:23 am

So, is Amazon a company worth throwing incentives at?

https://www.theverge.com/2017/9/7/16266 ... eattle-2hq

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Re: Kansas, Missouri battle over companies

Postby pash » Thu Sep 07, 2017 8:33 am

.
Last edited by pash on Thu Sep 21, 2017 6:00 pm, edited 1 time in total.

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Re: Kansas, Missouri battle over companies

Postby tower » Thu Sep 07, 2017 8:49 am

I think Kansas City has a decent shot at this, but our lack of transit may hurt us.

The North Loop is absolutely the best location.

earthling
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Re: Kansas, Missouri battle over companies

Postby earthling » Thu Sep 07, 2017 9:06 am

If KC bids on this for a downtown location, they need to emphasize the downtown airport. KC doesn't have many international destinations (listed as a requirement) but the close downtown airport is great for private jets.

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Re: Kansas, Missouri battle over companies

Postby kcjak » Thu Sep 07, 2017 9:22 am

East Village. Or maybe the state of Kansas could give up all taxes in exchange for them to go downtown KCK...or The Legends!


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