Re: KC metro gaining as a major distribution hub
Posted: Mon Sep 13, 2021 2:10 pm
Another downside of this is losing the Kansas City Southern name, and of course, one less local corporation.
https://www.kansascity.com/news/busines ... 59283.htmlAfter a months-long bidding war, Kansas City Southern is back where it started with plans to merge with the Canadian Pacific railroad.
On Wednesday, the two firms celebrated the $31 billion merger, which would create the first railroad that spans Canada, the United States and Mexico.
...
Recent projects around south Kansas City have contributed to a robust third quarter for industrial development. The metro area saw 1.8 million square feet of total net absorption for industrial space over the last three months, while projects under construction increased from 8.2 million to 12.8 million square feet — a figure expected to continue climbing through the year's end, per the latest quarterly report from Newmark Zimmer.
Overall, 2021's third quarter saw Kansas City exceed more than 300 million square feet of total industrial inventory, as one among 17 U.S. markets above that milestone, according to Newmark's report.
https://www.google.com/url?sa=t&rct=j&q ... z9BS4TJ63eKansas City ranked 17th in market size, 6th in percentage under construction,
The manufacturing facility is projected to have about $157.8 million in real property and $63.75 million in personal property investment, including in automated modified atmosphere packaging (MAP) technology, over a two-year period. It would support an estimated 583 employees in its first three years, with average annual salaries around $60,572.
"In essence, this is continuing to fill what Port KC promised to do many years ago, which is bring quality jobs and development back to a former Air Force base, at Richards-Gebaur, and bring ... investment opportunities to south Kansas City," Stephens said Monday..
https://www.bizjournals.com/kansascity/ ... rt-kc.htmlThe project team has requested 20-year exemptions on real and personal property taxes, starting at 95% for the first 10 years and gradually stair-stepping down to 10% by year 20. Together, the incentives are valued around $18.7 million over their lifespan, during which affected taxing jurisdictions would receive payments in lieu of taxes totaling about $7 million, according to Port KC. Stephens said the port's board could consider the request later this month.
Kinda neat that CPKC hosted their investor day this week at Union StationFangKC wrote: ↑Wed Sep 15, 2021 12:26 pm Kansas City Southern agrees to merge with Canadian railroad
https://www.kansascity.com/news/busines ... 59283.htmlAfter a months-long bidding war, Kansas City Southern is back where it started with plans to merge with the Canadian Pacific railroad.
On Wednesday, the two firms celebrated the $31 billion merger, which would create the first railroad that spans Canada, the United States and Mexico.
...
Interest rates had led to a change in West Liberty Foods’s plans, with the company instead deciding to consolidate operations into its existing real estate.Cratedigger wrote: ↑Tue Jan 10, 2023 4:42 pm West Liberty Foods pursuing a $222 million sandwich packaging and distribution center in the I-49 Logistics Center. Port KC considering a property tax exemption. State incentives may also be in play.
The manufacturing facility is projected to have about $157.8 million in real property and $63.75 million in personal property investment, including in automated modified atmosphere packaging (MAP) technology, over a two-year period. It would support an estimated 583 employees in its first three years, with average annual salaries around $60,572.
"In essence, this is continuing to fill what Port KC promised to do many years ago, which is bring quality jobs and development back to a former Air Force base, at Richards-Gebaur, and bring ... investment opportunities to south Kansas City," Stephens said Monday..https://www.bizjournals.com/kansascity/ ... rt-kc.htmlThe project team has requested 20-year exemptions on real and personal property taxes, starting at 95% for the first 10 years and gradually stair-stepping down to 10% by year 20. Together, the incentives are valued around $18.7 million over their lifespan, during which affected taxing jurisdictions would receive payments in lieu of taxes totaling about $7 million, according to Port KC. Stephens said the port's board could consider the request later this month.
But you could buy a nice house for 75k not 575kFangKC wrote: ↑Tue Oct 31, 2023 10:43 pm People tend to forget that during the entire Reagan Administration interest rates ranged between the highest 16.63 percent and the lowest at 10.19 percent.
https://www.bankrate.com/mortgages/hist ... age-rates/
Don't forget pay was much lower then.brewcrew1000 wrote: ↑Wed Nov 01, 2023 1:51 pmBut you could buy a nice house for 75k not 575kFangKC wrote: ↑Tue Oct 31, 2023 10:43 pm People tend to forget that during the entire Reagan Administration interest rates ranged between the highest 16.63 percent and the lowest at 10.19 percent.
https://www.bankrate.com/mortgages/hist ... age-rates/