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

Post by FangKC »

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

Post by kboish »

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

kboish
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Re: Kansas, Missouri battle over companies

Post by kboish »

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

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