OFFICIAL - Loews Convention Hotel (formerly Hyatt)

[aknowledgeableperson]

LCRA is set to approve financial documents Wednesday to set up a December closing. If they don't close in December the project is in jeopardy because the firm construction estimates expire. The developers are scheduled to provide an update on Thursday to the council business session.

https://cityscenekc.com/convention-hotel-agreement-before-development-agency-wednesday-documents-reveal-59-7-million-in-private-funding/

Read where it is in either the Senate or House version of the tax cut plan could do away with the tax-free status of bonds used for economic development purposes.

[KCPowercat]

That funding is not part of this project. It may be party of me kci terminal

[DaveKCMO]

https://www.bizjournals.com/kansascity/ ... hotel.html

During a Nov. 29 meeting, the Land Clearance for Redevelopment Authority gave final approval to several “substantially finalized” agreements pertaining to the 800-room Loews Kansas City Hotel despite the fact that several blanks in the documents remained to be filled in. At the time, Steve Rattner, a veteran New York-based financier and one of the partners with the hotel development team, said the documents needed to be finalized in time for bond offering documents to be published by Dec. 6 if the developers hoped to stick to their goal of financial closings in December.

But that deadline was not met.

[KCTOGA]

How far back will this push the Jan.2nd. start date? Any guesses?

[JBmidtown]

How far back will this push the Jan.2nd. start date? Any guesses?

Approaching infinity.

[kboish]

How far back will this push the Jan.2nd. start date? Any guesses?

Approaching infinity.

The actual start date is asymptotic to the scheduled date.

[JBmidtown]

How far back will this push the Jan.2nd. start date? Any guesses?

Approaching infinity.

The actual start date is asymptotic to the scheduled date.

[flyingember]

What project in KC has actually started on time?

[ldai_phs]

https://t.co/TOT5uEvSUy?amp=1

If only there was a way that they could bring in a constant and consistent flow of revenue
To bad creating a mix used development with either condo, apartment, or office space has never been proven to work before and can’t be done.

[hartliss]

Bonds were marketed and garnered a ton of interest. Financial closing on 1/18 and possible ground breaking on 1/22

Per City Manager at the KCDowntowners luncheon

[ldai_phs]

^^^Raised more than expected which will be reinvested in the project

[hartliss]

^^^Raised more than expected which will be reinvested in the project

Ha, correct. Were you at the lunch too?

[ldai_phs]

Nah. Have always wanted to go. The timing just never works out.

[Pork Chop]

^^^Raised more than expected which will be reinvested in the project

Ha, correct. Were you at the lunch too?

Nice, I was wondering about the project with all of the hoops it had to jump through. It's good to hear the final pre-construction hoop has been done.

[flyingember]

Construction starting Monday

https://twitter.com/st_vockrodt/status/ ... 1180695553

[joshmv]

https://www.bizjournals.com/kansascity/ ... rting.html

[ldai_phs]

Someone from "Urban STL" claimed that this project at one time was planned to be the new tallest building in Missouri.

[kboish]

Someone from "Urban STL" claimed that this project at one time was planned to be the new tallest building in Missouri.

Whoa. I just checked out that forum. There is quite a bit of animosity directed towards kc coming from there. not a friendly place. God bless those of you who spend your time over there. it seems like a flame war breaks out anytime someone posts something about kc development.

Based on that persons track record in the kc thread...i doubt they know what they are talking about.

[KCPowercat]

Haters gonna hate meme

[hgascoigne]

Truman is closed from Broadway to Baltimore. Not sure if it’s just a coincidence, or if they plan on having that stretch closed for the duration of construction.