Tuesday, July 08, 2014

SHOCK!!! HIGH PRICES PUSH POPULOUS OUT OF THE KANSAS CITY RIVER MARKET!!!



Here's an important FACT CHECK about how Kansas City taxation and fees are driving away biz . . .

Even better . . .

CRITICS OF THE TOY TRAIN CLAIM THAT POPULOUS PUSHED OUT OF THE RIVER MARKET REVEALS STREETCAR DRIVING AWAY BIZ!!!

You decide . . .

Populous founder: We didn't want to leave the River Market

"The firm's market is "blossoming" but that, along with greater competition in its markets, is pushing Populous to keep its fees low in order to win projects. He said the firm could not reach an agreement that would allow the firm to be competitive at 300 Wyandotte St., so it had to look elsewhere."

Developing . . .

26 Comments:

Anonymous said...

They are moving to the plaza, taxes are higher there, your blog is wrong....again

Anonymous said...

These are pretty savvy people. Architects, land-use experts. This is a hugely significant vote of no confidence in the future of downtown Killer City and in the corrupt corporate lapdogs and free-lunch "activists" who run City Hall.

Anonymous said...

Sales taxes are higher on the Plaza, Mensa boy, which would only impact employees going out to lunch there. Other taxes are the same. But since when did higher taxes become a concern of yours? Remember--you're campaigning for higher taxes.

Anonymous said...

Bottom line is with all the new subsidized buildings in the metro there is a glut of office space. Make a low ball offer and it is often accepted.

Anonymous said...

One Kansas City Place, the largest office building downtown, is 40% vacant.
Why didn't they move there?

Anonymous said...

The entire point of this blog post is so stupid it's even beyond tony's usual level of incompetence. My god you are an idiot tony. Please let your mommy write for you so you don't out yourself as such a fuckup.

Anonymous said...

It was all about space and lease rates. Now that the 5-year non-compete with HOK is up, there is a plan to move into all the more "traditional" sectors that they were locked out of when they split from HOK (retail, aviation, healthcare, office, etc.), which has the potential to greatly increase their level of work. They can't squeeze many more in their existing building, and their is lots of space in the BOT building.

Lease rates were the other factor. Kessinger wants about $20/ft for 300 Wyandotte, and space in the BOT goes for about 70% of that.

This move has nothing to do with the streetcar...

Anonymous said...

May not have anything to do with the streetcar but it does show how subsidizing new buildings has created a glut in the market which leads to decay at the lower tiers. Subsidizing a new building creates a chain reaction of tenants moving up until older buildings sit vacant and decaying.

Hardcharger said...

I hereby decree that the streetcar will only be responsible for positive outcomes... there will be no negative effects from this thing at all.

We went to Spain, toured a factory... checked the whole deal out front to back .

Northlander said...

Many more will be leaving KCMO if more of these taxes pass along with the 1% earnings tax and the yearly increase in the water&sewer taxes.Move over Johnson County here we come,better better snow removal,and less shootings. Better schools as well

Anonymous said...

JoCo is a nice place, day or night. CK is a nice place in the daytime and a murderous hellhole at night. Don't need to be a JoCo lover to figure that out. When CK employers go away, most of the time it's to JoCo.

Anonymous said...

Tony, the word you meant to use in the headline is populace. Populous is an adjective, not a noun. You're welcome.

Anonymous said...

@11:44 Populous is an architectural firm (a noun) in the River Market, Moron.

RealTKCHeadlines said...

TKC TOLD YOU SO!!! INCORRECTLY THAT IS!!! STREETCAR SPURS DEVELOPMENT AND RAISES PROPERTY VALUES!!!

Anonymous said...

RealMensaBoyHeadlines said...
I TOLD YOU SO!!! VISIONS OF SUGAR PLUMS!!! NOT-YET-BUILT TWO-MILE STREETCAR SPURS DEVELOPMENT AND RAISES PROPERTY VALUES!!! REMINISCENT OF HIGH RISE MILLION DOLLAR CONDOS THAT ARE NOW TAX SUBSIDIZED RENTALS!!! THOSE WHO CANNOT LEARN FROM THE PAST ARE DOOMED TO REPEAT IT!!! BUT I'LL HAVE MY JOB WITH BURNS & MAC!!!

Anonymous said...

My bad. The all-caps threw me off.

Anonymous said...

Our sniveling will make things better.

Anonymous said...

Actually you are both wrong as they were renting the building they were in and will be renting on the plaza. Yes ST is higher in the plaza which dispels why they would move. I'm sure their employees want to eat and buy things near by

Anonymous said...

They lease!! Fuck you are dumb

Anonymous said...

Toy train is killing local business. That is a fact.

Northlander said...

Vote NO on all city and state issue's and they will come back again and again till they get their way.But we have defeated the Light Rail 6 times and soon to be 7 in August.

Anonymous said...

I went down to the River Market several time over the last few weeks. It's always very crowded on weekends, just like it's always been. With that huge mob down there, how are the businesses going under?

Anonymous said...

6:20 because its a ghost town Monday - Friday and September-April.

Hard to make money when no one shows. Harder to keep em coming back when the smell of CK's open, modern combined sewer system overpowers the smell of their fresh food.

Vote no on A and 7 on August 5.

Anonymous said...

Logic FAIL:

If streetcars "have no effect on development" and none of the post streetcar announcements count (even when the developers SPECIFICALLY CITE THE STREETCAR as a factor), the the inverse is true, too. Where a business leaves, it can't be because of the streetcar...

You're high school debater skills are slipping, Touhey. Go trim your 90's beard more carefully and ask Rex to ask Cato how to respond with made up facts.

Anonymous said...

Most of these "developers" are citing the streetcar because they know that's what city hall wants to hear and it gives them a much better chance to maximize incentives so that the taxpayers pick up an even bigger lug of their projects.
And when you reduce your tax base at the same time you plan to offer a very expensive transportation plan FOR FREE, something has to give.
Arithemtic usually wins regardless of the breathless claims of the urban futurists.

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