Cursed Mission Gateway Seyz Must Start Over. Again.

I don't know if barrio rigging busted bathroom plumbing counts as construction experience but TKC does, in fact, know a bit about how buildings work.

Even better . . . We've talked to builders and asked questions about sites left dormant for too long. 

Here's the deal . . .

YOU MIGHT WAS WELL TEAR DOWN EVERYTHING THEY'VE BUILT SO FAR AT MISSION GATEWAY . . . IT'S NOW JUNK AS FINANCING FAIL CONFRONTS THE PROJECT YET AGAIN!!!

A lesser blog offers even more verbiage that we've covered previously . . .

"Developer Tom Valenti has floated several ideas but faced continued challenges. Those included the collapse of capital markets during the Great Recession and community backlash to several iterations of the plan, like building a Walmart, which was once planned as the anchor retail tenant. 

"Though he acknowledged he would need another development agreement, Valenti said Mission Gateway will move forward. He said the project struggled to secure financing in the early months of 2020. 

“Everything came to a screeching halt” when the pandemic began, he said. “So now we’ve got to start all over again.” But Valenti said his group now has financing “lined up.” Though some tweaks are possible, he said he plans a similar mixed-use development for his next pitch to the city. Valenti said he’s waiting to hear back from city leaders on negotiating a new plan."

Translation . . . 

Wait for another bailout and the more broken promises. Rinse & repeat.

Read more via www.TonysKansasCity.com news link . . .

'We've got to start all over again.' What now for JoCo's ill-fated Mission Gateway?

It's back to the drawing board for Mission Gateway, an ambitious but ill-fated development planned for a prime Johnson County location. The $200 million project at the site of the former Mission Center Mall has faced numerous obstacles since the mall was demolished in 2006.

Mission Gateway Was Supposed To Be Finished In December 2021

It's a good day for corporate hype crumbling. Here's one more local example and good money following bad . . . According to a city spokesperson, the agreement between the city and the development group led by Tom Valenti, called for the project to be complete as of Dec. 31, 2021.

Developing . . . But probably not.