The plan to replace the old Mission Mall hasn't worked.
A decade later it seems like the latest project is nothing more than an EXCEPTIONALLY EXPENSIVE pipe dream that the COVID plague has killed.
Money line . . .
Unless the Mission City Council approves an extension, the developers could be found in default and risk losing about $36.6 million in incentives — including revenue from approved tax increment financing and community improvement districts, for use in repaying special obligation bonds, and surplus revenue "tails" once those bonds are fully repaid.
More info here for subscribers . . .
Sixteen years of fits and starts for a redevelopment of the former Mission Center mall appear on track to continue for the time being. However, Mission Gateway developers Cameron Group LLC and GFI Development Co. are on the clock this year if they wish to retain agreed-upon incentives for their $225 million mixed-use project along Shawnee Mission Parkway, near Roe Avenue and Johnson Drive.