Kansas, Missouri battle over companies

KC topics that don't fit anywhere else.
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KCDowntown
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Re: Kansas, Missouri battle over companies

Post by KCDowntown »

earthling wrote:
Fri Oct 25, 2019 3:05 pm
USDA apparently has selected the former State Street building downtown near Quality Hill...
https://www.bizjournals.com/kansascity/ ... treet.html
If they lease all of the 120,000 sqft as was initially mentioned:
  • It will drop the Class A vacancy downtown approximately 1.4% for Colliers 11.4 ->10.0%
  • It will drop the Class A vacancy downtown approximately 1.7% for CBRE 16.5 ->14.8%
  • It will drop the total vacancy downtown approximately .4% for Colliers 7.6% -> 7.2%
  • It will drop the total vacancy downtown approximately .9% for CBRE 16.1 -> 15.2%
  • It will drop the total vacancy downtown approximately 2.2% for Cushman Wakefield 15.8 -> 13.6%
KCDowntown

kboish
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Re: Kansas, Missouri battle over companies

Post by kboish »

https://cityscenekc.com/usda-agencies-l ... in-a-week/

More on the USDA move.

Its idiotic that the city is going to subsidize this federal agency's payroll.

earthling
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Re: Kansas, Missouri battle over companies

Post by earthling »

^Yeah, should be example in 'idiotic' Wiktionary entry.

KC already has 5K USDA employees and may make sense to move rest here over a couple years but the entire approach on all levels was poorly handled. Though Trump admin got what they wanted.

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FangKC
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Re: Kansas, Missouri battle over companies

Post by FangKC »

USDA confirms location of new KC operations
The U.S. Department of Agriculture confirmed Thursday that it has signed a lease at 805 Pennsylvania Ave. in downtown Kansas City.
..
https://www.bizjournals.com/kansascity/ ... s_headline

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FangKC
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Re: Kansas, Missouri battle over companies

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Millions of dollars in tax breaks questioned for USDA move

https://fox4kc.com/2019/11/06/millions ... usda-move/

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WSPanic
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Re: Kansas, Missouri battle over companies

Post by WSPanic »

MMGY Global is moving from their building across from the Bernstein Rein building and out to the Edison District in downtown OP.

I worked there when they moved into that building from the Mark Twain building. Never loved the Plaza space - it wasn't all that nice. That spot wasn't exactly great for cheap, walkable lunches. Think it will be better in this location for that purpose.

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

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Highlander
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Re: Kansas, Missouri battle over companies

Post by Highlander »

WSPanic wrote:
Fri Jan 24, 2020 11:29 am
MMGY Global is moving from their building across from the Bernstein Rein building and out to the Edison District in downtown OP.

I worked there when they moved into that building from the Mark Twain building. Never loved the Plaza space - it wasn't all that nice. That spot wasn't exactly great for cheap, walkable lunches. Think it will be better in this location for that purpose.

https://www.bizjournals.com/kansascity/ ... trict.html
Are incentives involved? I don't have an account with the Business Journal.

missingkc
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Re: Kansas, Missouri battle over companies

Post by missingkc »

No mention of incentives, yay or nay.

kboish
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Re: Kansas, Missouri battle over companies

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If i recall correctly, the development itself received incentives from OP

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Re: Kansas, Missouri battle over companies

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Yeah. $10.6 million in TIF and a 2% CID sales tax

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Highlander
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Re: Kansas, Missouri battle over companies

Post by Highlander »

https://www.kshb.com/news/local-news/re ... 65isDkYJms

Theater companies had to be having a difficult time with so many home viewing options but CV19 may push some over the edge. AMC was one of the bigger prizes for Kansas in the decades long battle for KCMO companies.

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normalthings
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Re: Kansas, Missouri battle over companies

Post by normalthings »

There are rumors that a certain telecom firm may be pursuing a KCMO office.

earthling
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Re: Kansas, Missouri battle over companies

Post by earthling »

Possible that Tmobile could desire moving downtown, especially since they no longer own the campus, downtown rent relatively cheap and closer to airport. If the case, hopefully it's many thousands of jobs. All telcom should do well during the virus downturn as it's a basic utility everyone needs. Is also possible that because of the telcom talent base in KC, if Tmobile lays off many over time, other telcom may boost KC presence to absorb the available talent.

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normalthings
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Re: Kansas, Missouri battle over companies

Post by normalthings »

Amazon looking at AMC buyout. Plz Plz Plz move some Amazon or AMC jobs downtown.


https://www.thestreet.com/investing/ama ... out-report

earthling
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Re: Kansas, Missouri battle over companies

Post by earthling »

A bit odd given movie theaters were already heading towards a niche future before COVID. Even riskier post-COVID. Amazon tends to prefer to disrupt so will be interesting to see what they would do with a theater chain.

kboish
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Re: Kansas, Missouri battle over companies

Post by kboish »

Amazon really needs to be broken up

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Re: Kansas, Missouri battle over companies

Post by dukuboy1 »

interesting. I think the movie theaters still are viable, and serve as a great source of entertainment. The ones that cater to adults, with drinks and food are nice. People will still want to leave their homes to watch a movie and get that experience that sometimes only a theater can provide. This is not dead by any means. Maybe just a wake up for AMC and others to listen to the customers more and even scale back some locations, etc.

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Re: Kansas, Missouri battle over companies

Post by Riverite »

I like the Alamo drafthouse downtown set up.

Having food and drinks brought to you is a really nice date night. I think they also do quite well showing old movies for trivia nights.

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FangKC
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Re: Kansas, Missouri battle over companies

Post by FangKC »

I predict if Amazon buys AMC, they will move the headquarters to one of the coasts.

earthling
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Re: Kansas, Missouri battle over companies

Post by earthling »

^Good point, seems plausible.

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