The aftermath of a devastating loss inside the loop has politicos playing the blame game despite dire economic circumstances.
A fact of life . . .
Deets . . .
“Macquarie is contractually committed to lease or sublease the Class A office space and the developer is committed to constructing the building to completion,” KCMO Mayor Quinton Lucas’ office said Wednesday in a statement. “The developer has shared that the project remains on time and on budget.”
"The Waddell & Reed headquarters building is a $140 million project at West 14th Street and Baltimore Avenue in downtown KCMO.
"The mayor’s office went on to note that “this deal was hatched under a prior administration,” but Lucas voted to authorize the project four months after becoming mayor . . .
“The City expects the 1400 Baltimore building to be a strong asset for office relocations to downtown Kansas City,” Lucas’ office said in a statement. “The project also will support much-needed parking demand due to the shuttered and expensive-to-replace Barney Allis Plaza garage.”
TRANSLATION: THERE'S NO PLAN FOR THE EMPTY BUILDING!!!
But not all hope is lost.
Reader suggestion that has shown us the way . . .
Link without the paywall . . .
Sadly, this "solution" won't make everyone happy but it's a plan that's just as sketchy as all of the pre-COVID real estate speculation inside the loop.
Developing . . .