Expiring TIFs

Have a development question you want answered? Ask it here and you'll get your answer
Post Reply
shinatoo
Ambassador
Posts: 6914
Joined: Wed Jan 19, 2005 3:20 pm

Expiring TIFs

Post by shinatoo »

Since it's been 14 years since the T-Mobile center opened, kicking off DT's resurgence, I was curious if anyone had a list of TIF's and when they expire?

That money coming back into the city's coffers should be making a big difference for both the city and the school district.

(And frankly this new revenue should be advertised widely by the Pro TIF side of the isle)
flyingember
Mark Twain Tower
Mark Twain Tower
Posts: 9862
Joined: Tue Jul 17, 2012 7:54 am

Re: Expiring TIFs

Post by flyingember »

Took me less to find via Google than it took to write this reply

https://edckc.com/agencies/tax-incremen ... mendments/
User avatar
freedog
Strip mall
Strip mall
Posts: 299
Joined: Thu Dec 02, 2021 3:32 pm

Re: Expiring TIFs

Post by freedog »

Not sure if this fits under this topic, but I stumbled across this:
The city's TIF Commission in June 2016 revised a 10-year-old agreement with Copaken Brooks, keeping the firm eligible for financing valued at $48.7 million over 23 years, so long as it starts construction by October 2023 and finishes by October 2026.
https://www.bizjournals.com/kansascity/ ... enant.html

I know that there were a number of incentive packages awarded for speculative office developments. Do expiring TIFs have any chance of spuring development? Or will it likely lead to another amendment?
User avatar
normalthings
One Park Place
One Park Place
Posts: 6837
Joined: Mon Mar 30, 2015 9:52 pm

Re: Expiring TIFs

Post by normalthings »

freedog wrote: Wed Apr 13, 2022 11:37 pm Not sure if this fits under this topic, but I stumbled across this:
The city's TIF Commission in June 2016 revised a 10-year-old agreement with Copaken Brooks, keeping the firm eligible for financing valued at $48.7 million over 23 years, so long as it starts construction by October 2023 and finishes by October 2026.
https://www.bizjournals.com/kansascity/ ... enant.html

I know that there were a number of incentive packages awarded for speculative office developments. Do expiring TIFs have any chance of spuring development? Or will it likely lead to another amendment?
They can probably get another extension. They are aren’t going to hit go on a project that doesn’t provide the required rate of return. There was geo tech work here not long ago
kboish
Hotel President
Hotel President
Posts: 3085
Joined: Mon Nov 26, 2007 12:25 am
Location: West Plaza

Re: Expiring TIFs

Post by kboish »

I think they would have to reapply if they don't start construction by Oct 2023.
Post Reply