Trend spotting and maybe a wake-up call . . . Businesses leave Kansas City and their empty shells become mostly empty condos . . .
An urban development firm, The Alexander Co., has plans for a $30 million redevelopment of the old Folgers Coffee Co. facility and turning it into a 167-unit mixed-income project.
On the bright side . . . Downtown dwellers now have some kind of connection to Kansas City's history.
Mixed Income now that sounds scarey.
ReplyDeleteI see they already got in the works plans to gig the taxpayers for free goods to do the development.
My question is what happens when all these developments get done and nobody wants to live in them or the cost is to high to live in them?
I smell the makings of some very bad planning and adventures about to happen here. Oh wait it's KC-Mo so bound to be all fucked up.
So a person can buy an expensive condo that is right next to someone on welfare in Section 8 housing. MAN THAT'S A SELLING POINT THAT OUGHT TO MOVE A LOT OF CONDOS.
ReplyDeleteAll the young white urban professionals down there won't mind as long the downtown bubble keeps inflating and doesn't blow up before they can cash out and split for the burbs.
ReplyDelete"Ware Housing" unit for all the boomer offspring destroying the planet with their insatiable thirst to consume shit imported from China.
ReplyDeleteNo way they are going to get the smell of coffee out of that place.
ReplyDelete....BUT!...you get Harry Epstien's hdwr store across the street!
30 mil divided by 167 units looks like 179k cost. Add the marketing and the units will be well over
ReplyDelete200K. A lot of "mixed income" people will be lining up to buy these. I smell a large TIF coming.
How about they just hand Folgers 30 million and have them reopen the plant and give the jobs back. This ain't rocket science.
ReplyDeleteMixed income is code for "You pay $1200 a month." Your neighbor who doesn't work, gets a ride to the free clinic, gets free health care, gets free school lunch, and gets a free telephone pays $175.
ReplyDeleteFaye Reagan, mmmmmmm
ReplyDelete