A Kansas City economic development agency on Wednesday assigned development rights for a proposed 800-room downtown convention headquarters hotel to a new entity. Before Wednesday's action by the Land Clearance for Redevelopment Authority, a group called KC Hotel Developers LLC, including equity investors Timothy O'Byrne and Steve Rattner, had been designated as the developer.
Wednesday, October 25, 2017
Downtown Kansas City Convention Hotel Financing Structure Switcheroo
Hype continues for this DOOMED AND LONG DELAYED project. Developer Mike Burke now has even more of his cash in the game and they've come up with a new joint venture after delaying construction for more than a year.