Friday, April 17, 2020

Wadell & Reed Stay Winning Pandemic Lockdown In Kansas City

Whilst everyone plays politico & epidemiologist . . . The smarter people in town and across the nation are grabbing cash hand over fist:

"The 18-story building will have almost 1,000 spaces in a 10-floor garage topped by eight floors of offices at 1400 Baltimore Ave. After tentative approval from the City Plan Commission and with a $100 million incentive package in hand, the developer started excavation work on the 240,000-square-foot tower."

More info here for subscribers:

Waddell & Reed HQ wins City Council approval - Kansas City Business Journal

The Kansas City Council voted 7-6 Thursday to approve plans to develop a new $140 million headquarters for Waddell & Reed Financial Inc. despite concerns about a large parking garage and how pedestrian friendly the project is. The 18-story building will have almost 1,000 spaces in a 10-floor garage topped by eight floors of offices at 1400 Baltimore Ave.

2 comments:

Anonymous said...

They will be working from home. If Waddell & Reed were smart and looking after shareholder interests they would cancel that project. Office space is going to get real cheap.

Anonymous said...

BORDER WAR TRUCE? NOT SO MUCH
KC COUNCIL SELLING INFLUENCE? ALWAYS

Please note how many of the usual suspects showed up in this project.

The Kansas City Council voted 7-6 Thursday to approve plans to develop a new $140 million headquarters for Waddell & Reed Financial Inc. (OPKS headquarters)...

...with a $100 million incentive package in hand (that's 71% of the project cost!)

Mayor Quinton Lucas cast the deciding vote.

The developer, a joint venture between Burns & McDonnell and an affiliate of Kansas City-based Financial Holding Corp.