Re: Troost developments
Posted: Fri Dec 07, 2018 11:42 pm
Never underestimate resistance to change of any kind.
Yeah, it’s an interesting situation because it’s nice to have the new buildings but developers aren’t doing any of this for altruistic reasons (not do I expect them to be) so maybe the word ‘praise’ is a bit strong for a guy like John who have seen an opportunity and will make a bit of money on the whole thing. Apparently Troost also has a semantics problem, ha.
Nonetheless, the entire metro is Balkanized. There’s Downtown and Midtown. The Downtown Loop. The Crossroads. Westport. Waldo. North Kansas City and Kansas City, North. In JoCo you have the Shawnee Mission East, West, Northwest, North and South school districts—and Shawnee and Mission.
Should an outsider mix one with another they can almost immediately expect to be corrected by the Kansas City Metro Geography Police.
DaveKCMO wrote: ↑Sat Dec 08, 2018 5:43 pm Troost Renaissance: Revitalization or Gentrification? Or Can It Be Both? https://www.inkansascity.com/innovators ... QxaG5_-Ukw
How about letting the market resolve this "issue"? City regulations attempting to achieve "more purposeful economic equity" will likely scare away developers. After five decades of observation, I have concluded that the combined city government (council, schools, police) does more harm than good to the stabilization of central parts of KC. Mostly as unanticipated negative effects of noble intentions, but harm nonetheless.chaglang wrote: ↑Sat Dec 08, 2018 6:25 pmYeah, it’s an interesting situation because it’s nice to have the new buildings but developers aren’t doing any of this for altruistic reasons (not do I expect them to be) so maybe the word ‘praise’ is a bit strong for a guy like John who have seen an opportunity and will make a bit of money on the whole thing. Apparently Troost also has a semantics problem, ha.
Related to the article Dave posted: I was wondering today if there is a situation where an area can change socioeconomically without displacement. Likely the answer is no, so then the choice right now seems to be: what’s the balance between displacement and integrating Troost neighborhoods? That’s a pretty unsatisfactory choice, so: how could better, more purposeful economic equity change that equation? Obviously this is an issue that scooter money isn’t going to fix.
From my understanding Hakima seems to be very disagreeable and a NIMBYalejandro46 wrote: ↑Sun Dec 09, 2018 11:30 pmDaveKCMO wrote: ↑Sat Dec 08, 2018 5:43 pm Troost Renaissance: Revitalization or Gentrification? Or Can It Be Both? https://www.inkansascity.com/innovators ... QxaG5_-Ukw
Interesting article. "“I’ve lived here 56 years, and I’d know revitalization if I saw it, and this isn’t revitalization,” said Hakima Tafunzi Payne. “I’m seeing the absolute destruction of my community.”
Obviously there are a lot of diverse opinions about the nascent development activity. I hope that through continued community engagement and outreach these types of opinions can be in the minority. Overall this article does present a fair balanced perspective.
Well, I think that market solution is what you are seeing right now, and what you've seen in pricier cities. The result tends not to be beneficial for the people who have lived in areas that were economically depressed or segregated. Given the role that "the market" has had in creating the hypersegregation in Kansas City and other cities, I'm loathe to leave it to them to solve it. There may be unintentional harm in noble intentions, but there's no nobility in harm that the market has done and continues to do to people of color. IMO the question we should be asking is not "will developers be scared off?", it's "what kind of city do we want?" I'm also curious at why developers find the prospect of housing my less affluent neighbors so scary.herrfrank wrote: ↑Mon Dec 10, 2018 10:51 am
How about letting the market resolve this "issue"? City regulations attempting to achieve "more purposeful economic equity" will likely scare away developers. After five decades of observation, I have concluded that the combined city government (council, schools, police) does more harm than good to the stabilization of central parts of KC. Mostly as unanticipated negative effects of noble intentions, but harm nonetheless.
Property owners on the east side of Troost will benefit financially from increased valuations just like those who own property on the west side of Troost. Yes, to realize those capital gains, they may need to sell and move. Or they may remain and enjoy their enhanced property values and 'ad valorem' property taxes. Housing inflation and its taxation is a story as old as time. But as Harry Helmsley stated in the dark days of the 1970s, "there are no mistakes in real estate that time will not correct."
This Denver comparison is a tempest in a teapot.
Perhaps because of the phrase "invisible hand" there's a misconception that a free market is an impartial thing that acts as the expression of the collective will of the people. It's not. It never was. As long as there has been a market, there have been people successfully manipulating it for their personal gain.KCKev2 wrote: ↑Mon Dec 10, 2018 11:31 pm This is a good answer, and there is a lot to digest within it. The first is about the market. The U.S. is not a free market economy. We decided that after the Great Depression. And Kansas City development is not a free market economy either. Delayed property tax payments is one of them.
It looks like the ordinance for this development was introduced yesterday and referred to PZED:KCtoBrooklyn wrote: ↑Mon Sep 24, 2018 12:39 pm I just noticed in Compass KC that a replat application has been submitted for 2501 Troost. This is the site where Andrew Brain had proposed the twin towers.
I don't see a lot of info available, but it does say 242 units. The original proposal included 350 units, but it is no surprise that it would be scaled down. I'm not sure if it is still Andrew Brain behind this.j
https://compasskc.kcmo.org/EnerGov_Prod ... 8257405a6d
Edit: I found some more docs on Compass relating to this project.
So it looks like someone else is behind it: GSSW Real Estate Investments out of Texas. This appears to be their first foray into our region:
http://gsswrealestateinvestments.com/
It will be 242 units in 10 buildings on Troost and Forrest, wrapped around a parking lot. It looks like it is just residential, without any mixed-use. That seems like a missed opportunity.
Here is the site plan.
http://cityclerk.kcmo.org/LiveWeb/Docum ... gvk6TRbZvHRezoning approximately 5 acres generally located on the block between Troost Avenue and Forest Avenue, 25th and 26th Streets, from District UR to District UR, and approving a major amendment to a previously approved development plan to allow for construction of a 10 building, 248-unit multi-family development. (CD-CPC-2018-00177)