Thursday, November 14, 2019
NOTHING CHANGES IN KANSAS CITY!!! STRATA STAYS WINNING!!!
And we have our answer, all of the hype about curbing development subsidy was just a bad joke . . .
A quote from a lesser news source:
"The $133 million tower, called Strata, will be built atop existing retail on the southwest corner of 13th and Main streets. Its developers, Jon Copaken, Ron Jury and H&R Block are building it speculatively, meaning they’ll build it without first securing a tenant."
The money move . . .
"Under the agreement council members passed Thursday, the city will guarantee $36 million in debt on a 750-space garage for the 250,000 square-foot building. Developers dropped a request that the city also guarantee $27 million in debt on the tower itself in exchange for a stake in the revenues generated off of tenants’ rent payments."
We'll talk about this more for the morning update but for now we invite our most dedicated readers to offer their hot take for eco-devo "change" denied.
You decide . . .