It's a good day for corporate hype crumbling.
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. With that milestone not being met, the city plans to terminate the existing development agreement.
The spokesperson said the development team could continue work on the project outside of the soon-to-be-former agreement, though it would lose any incentives associated with the agreement.
The most likely scenario, however, appears to be a revised plan in 2022. The city spokesperson said officials have had “ongoing conversations” with the developer about announcing a new plan next year.
Read more via www.TonysKansasCity.com news link . . .
KANSAS CITY, Mo. - The end of 2021 could mark a new chapter in the long-running saga of the Mission Gateway Development. Passers-by would attest that construction on the project, located near the intersection of Shawnee Mission and Roe Boulevard, is at its most generous not complete.