Friday, July 21, 2017

Kansas City Dead-Tree Media Fire Sale

We talked about this sad real estate move early in the year and now it's news fact . . . Here's the newspaper scaling down their operation in much the same way as their subscription base and circulation. Take a look:

KC Star HQ and printing plant fetch $42M - Kansas City Business Journal

An affiliate of Kansas City-based 3D Development, which is led by developer Vince Bryant, has purchased the Kansas City Star headquarters building at 1729 Grand Blvd. An affiliate of Kansas City-based 3D Development has entered into an agreement to buy The Kansas City Star headquarters building at 1729 Grand Blvd.

10 Comments:

Anonymous said...

How does this affect the TIF?

Anonymous said...

Wow. $42 million is what the Star used to do in sales in a single quarter. And didn't they spend $200 million to build the printing plant?

Anonymous said...

Da Developers!

Anonymous said...

Looks like all the Star "reporters" will have to pack into Horsley's office at city hall.
At least they won't have very far to carry the water!

Anonymous said...

1729 Grand is appraised at $3,307,500.00


So are these made up numbers? Or is the developer an idiot?

Anonymous said...

$42 Mil for a $3 mil building?

Retro ROCKER said...

I told you so.That will help pay off the one Billion MC CLATCHY OWES THE BANK OF AMERICA. WHEN THEY PURCHASED,KNIGHT RIDER.

Retro ROCKER said...

THE STAR IS BURNING CASH. BURN BABY BURN.

Anonymous said...

Remaining Star Staff can move into the City Hall building since they are the propaganda arm of SLies regime anyway.

Anonymous said...

Knight Rider, I loved that show.