Despite years of real estate hype and hope for 'density' in and around the loop, the failure of the Kansas City Star helped create what could be one of the worst real estate deals in metro history.
More importantly . . .
Holier than thou public radio newsies pushed a sketchy story about downtown baseball backed by their old school colleagues that didn't match up with the tragic facts of local economic decline.
To wit . . .
NO, THE SOON TO BE EMPTY KANSAS CITY STAR BUILDING IS UNLIKELY TO BE REPURPOSED AS THE DOWNTOWN BASEBALL STADIUM!!!
Fact is, the current economy and the team's pathetic record don't really inspire a need for further investment.
Check the fair use quote that offers the only REAL insight about this story we've seen so far . . .
The green-tinted glass building overlooking Interstate 670 will remain intact.
Rosana Privitera Biondo said she loves the idea of building a stadium at the site, but a developer would have to contend with the cost of buying the $200 million building when cheaper land is available within the city. Ambassador Hospitality acquired the Star property for $30.1 million in 2019.
"I would say it's 80% to 90% that building is going to stand as-is," Biondo told the Kansas City Business Journal, later adding, "(A stadium) probably will never happen but it would be a fantastic opportunity and a great location to put all of those synergies together for Downtown."
In other words. IT'S NOT HAPPENING and local media sold KC readers yet another imaginary hype story for about week before there was a local media fact check.
Developing . . . But probably not.