Kansas City Commercial Real Estate Boom

A recent trade blog notes and encouraging trend amid otherwise flat local economic news here in flyover country... Kansas City: A commercial market on the rise

Comments

  1. Whats are they drunk on?

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  2. Taxpayer subsidized offices and converting commercial buildings into apartments is a strange and unsustainable definition of success.
    Of course, the folks mostly benefiting from all this aren't picking up the tab, so the more the merrier.

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  3. 6:36 is RIGHT! That's why everyone wants to live in suburbs! No taxpayer subsidized offices or unsustainable residential construction (also subsidized by taxpayers) here! No sir, none at all! Not a penny! No subsidized convention center in Overland Park, no TDDs for mostly empty mall parking lots, no wasteful highway spending, no tax breaks for Prairiefire at Lionsgate, no blight north of 103rd, no subsidized empty Sprint Campus, no subsidized AMC offices, no subsidized Applebees HQ, no subsidized Town Center Plaza, no subsidized Oak Park Mall, no subsidized apartment complexes of of 169, I 35, 435 etc.

    PAY NO ATTENTION TO THE MAN BEHIND THE CURTAIN!

    CK = Detroit

    PO = ParadisO

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  4. Clusterfuck KC6/16/14, 9:41 AM

    The Iraq fiasco already threatens to spike oil prices way beyond the $107 level of today. That will crush whatever remains of the US economy all over again. God knows what it might do to the financialized Rube Goldberg shadow economy of counterparty booby traps that overlays an abyss of unpayable debt.

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  5. When I get the money back I lost in 2008 then we can ponder how good things are getting.

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  6. @8:05
    Since there's no analysis of subsidies presented, it's hard to tell what's going on in either Overland Park or KCMO as far as tax money flowing to private developers and companies.
    What IS clear, though is in OP, and in Liberty, Lee's Summit, Blue Springs, and other suburbs, for that matter:
    The streets and roads are in excellent repair.
    When you dial 911, the cops show up fast.
    Snow gets plowed and the streets are cleared quickly.
    Water and sewer services are well-run and of moderate costs.
    Dealing with local governments is not an enormous hassle and pain in the butt.
    So however these other cities are providing services to residents and have enough management oversight, planning, and accountability to operate the way they do, they will be attractive places to live and do business.

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  7. Boom is slowing down. No taxpayer subsidized, market rate apartment projects have been announced today. Is the over building of apartments slowing down?

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  8. If they were "attractive places" to live and do business they wouldn't have to subsidize residential development and bribe businesses to relocate.

    Enjoy your incredible snow plowing both times a year you need it, though. Sounds really important.

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  9. Interesting discussion, but I think I'll just go with the safety of neighborhoods and the quality of schools.
    That's what most people, particularly families with school-age children feel are most important.
    And those are activities and responsiblities that either local governments address or they don't get done.

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