Friday, January 10, 2020
YOU PAID FOR IT: CHECK DOWNTOWN KANSAS CITY WADDELL & REED CORPORATE WELFARE DESIGNS!!!
Downplayed and mostly lost in local weather coverage . . . Here's a glimpse at a noteworthy contradiction to big political talk about reducing incentives . . .
"The lease execution is the final step in a lengthy process to get approvals from the city and state for an unparalleled $100 million incentive package. The company will get about $35 million from the city through various tax incentives, including a property tax abatement, an exemption on sales tax for construction materials and a 50% abatement of the economic activity tax. The local incentives come in addition to as much as $62 million from Missouri for jumping the state line from Overland Park."
KC Biz Journal: Waddell & Reed executes lease, finalizes plan for downtown HQ
KSHB: Waddell & Reed announces lease for downtown office building
Developing . . .