Kansas City Threats Work: Katz Building Tax Break Reconsidered

Here's a quick update after the building owners filed demolition paperwork yesterday . . . 

Check what is tantamount to permission for every developer to hold historic sites for ransom . . . 

"A $37 million plan by developer Lux Living to build 192 apartments and refashion the historic Katz building to provide amenities for future residents ran into trouble last week when the Kansas City Council rejected a measure for tax breaks to support the project.

"But in Kansas City, where real estate development is big business, projects don’t die easily.

"In an unusual move, Kansas City Council member Katheryn Shields requested that the failed ordinance from last week be reconsidered by the Kansas City Council."

I think the newspaper shared this one outside their paywall. The deets are kinda boring to anyone who isn't a middle-class real estate speculator. 

Developing . . .