Thursday, January 11, 2018
TKC TOLD YOU SO!!! CITY HALL DEMANDS KANSAS CITY TAXPAYERS SUBSIDIZE MORE DOWNTOWN LUXURY APARTMENTS!!!
We talked about this luxury life City Council move in December and now it's developer hype fact . . .
The 300-unit Three Light tower is planned for the northeast corner of Truman Road and Main Street. The site is currently a parking lot and located along the streetcar route.
Nick Benjamin, executive director for the Cordish-owned Power & Light District, said if the City Council approves, construction is expected to begin on the $130 million project late this year with completion anticipated in early 2021.
The plan is scheduled for a hearing by the Council Economic Development Committee Jan. 17.
City Manager Schulte said the city is obligated under its 2004 master development agreement with Cordish to build the parking garage for Three Light, estimated cost $17.5 million.
And so, amid rising crime and a increasing infrastructure demands that City Hall is slow to answer . . . The rapid pace of luxury development for the richest residents in KCMO continue in 2018.
Developing . . .