Adams Dairy Landing Shopping Center in Blue Springs

[KCMax]

All the more reasons we need specific guidelines and audits for the use of TIF.

[DaveKCMO]

All the more reasons we need specific guidelines and audits for the use of TIF.

maybe we can all agree on at least that?

[mean]

All the more reasons we need specific guidelines and audits for the use of TIF.

Yeah, but each municipality will have to come up with their own guidelines.

I agree that this is a perfect example of what not to use TIF for.

[ShowME]

Eastern Jack is so clueless.  Why can't they TIF projects which will generate good paying jobs and not minimum wage retail jobs.  This area of the metro will never be a big time job generator for years to come.

[Boognish]

Considering it's location, highway accessibility, geography, recreation, and nearby demographics, I consider Blue Springs the biggest failure story in the Kansas City metropolitan area. This is just another reason why.

[kard]

So?  Did Blue Springs, who voted down a half-cent sales tax to repair streets and sidewalks, buy themselves a Target and Lowes last night?

[kard]

Yup, they bought it.

I love the order of this quote preceding the following paragraph:

"We will have the capabilities of keeping our own money in our own city," said Council Member Sissy Reed.

The proposal includes $23 million in TIF, $4.87 million in a city super TIF and a 1 percent transportation development district. In addition, there will be a community improvement district bringing $2.3 million for a grand total of $52.6 million in requested reimbursements.

First:  http://www.bugmenot.com

And then:  http://www.examiner.net/stories/022107/ ... 7007.shtml

[trailerkid]

Is Blue Springs really that jealous of Olathe? Talk about pathetic...

[KansasCityChiefs]

Blue Springs' largest shopping center is expected to start construction in the fall after the City Council approved more than $50 million in public incentives to cover more than one-third of a $141 million budget.

http://www.bizjournals.com/kansascity/s ... st=b_ln_hl

[GRID]

Nearly 50 million dollars?  Where in the fuck is that money going?  "public improvements"?  What are they doing?  Are they elevating Adams Dairy Parkway because the only time you would even consider these types of incentives for a suburban big box development like this is to build an interchange or something and you would still have 25 million left over.  Too bad there is an interchange already there. 

This is just insane.

I would be all for this if 50 million or even 20 million was going to fix up the rest of BS, which again, is in horrible shape for a large outer belt suburb.

All for a development similar to that strip mall in St Joe?

Crap like this is why tiffs will eventually be taken away from everybody.

[K.C.Highrise]

Yep.... sad

[DaveKCMO]

Blue Springs approves tax breaks

Blue Springs this week agreed to a financial plan for a $142 million shopping center at Adams Dairy Parkway and Interstate 70.

The City Council agreed to a $52.6 million package of incentives to help RED Development build the center, including $28 million in tax increment financing and $22.2 million from a transportation district.

The money would help build the project and improve roads to serve the Adams Dairy Parkway corridor. The transportation district would add a 1-cent sales tax to purchases made in the shopping center. Before the project receives final approval, the council will need to vote on the transportation district and an agreement with RED Development that will include limits on tenants in the center and other ordinances.

The 606,568-square-foot project is expected to bring two major retail anchors, along with shops and fast-food restaurants.

[ShowME]

Sounds like another shopping area in Eastern Jack with a 10.5% plus sales tax rate.

[GRID]

Sounds like another shopping area in Eastern Jack with a 10.5% plus sales tax rate.

BS has very low sales taxes, but I get your point.  I'm still PISSED about this project.  With the amount of bullshit money they are raising from this project (tiff, trans tax etc), they could at least address some issues that face BS such as add the 3rd lane on 70 from Route 7 to Adams Dairy.  Again, it's deals like this that will ruin it for everybody.

[nota]

Sounds like another shopping area in Eastern Jack with a 10.5% plus sales tax rate.

You had best be careful bashing those high sales tax rates. I'm the pariah for bashing Zona Rosa's tax rate. 

[trailerkid]

Any word on what type of retail center this will be? Can we expect another lifestyle center or will this just be a power center with Lowe's Target, etc.

[GRID]

Any word on what type of retail center this will be? Can we expect another lifestyle center or will this just be a power center with Lowe's Target, etc.

Looks like a carbon copy of Summit Woods from what I have seen.  Big boxes surrounding a small lifestyle center.  But I would call it a power center.

[trailerkid]

Looks like a carbon copy of Summit Woods from what I have seen.  Big boxes surrounding a small lifestyle center.  But I would call it a power center.

I'm sorry, but...

[GRID]

RED released a rendering for this project.

[aknowledgeableperson]

All for a development similar to that strip mall in St Joe?

Or in Kansas City North.