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)
Expiring TIFs
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- Mark Twain Tower
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Re: Expiring TIFs
Took me less to find via Google than it took to write this reply
https://edckc.com/agencies/tax-incremen ... mendments/
https://edckc.com/agencies/tax-incremen ... mendments/
- Cratedigger
- Penntower
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Re: Expiring TIFs
Not sure if this fits under this topic, but I stumbled across this:
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?
https://www.bizjournals.com/kansascity/ ... enant.htmlThe 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.
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?
- normalthings
- Mark Twain Tower
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Re: Expiring TIFs
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 agofreedog wrote: ↑Wed Apr 13, 2022 11:37 pm Not sure if this fits under this topic, but I stumbled across this:https://www.bizjournals.com/kansascity/ ... enant.htmlThe 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.
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?
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- Hotel President
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Re: Expiring TIFs
I think they would have to reapply if they don't start construction by Oct 2023.