It's important to note that this braggadocious annoucment comes just hours after a major part of this agency was booted out of Johnson County.
Take a peek at an agency in decline . . .
Between October and late March, KCATA's board — to which RideKC reports — assembled pieces of the Sustaining Transportation and Reinvesting Together (START) policy as a framework for how the board can approve transit-oriented projects for exemptions on property taxes and sales taxes on construction materials.
The incentives would come through conduit bonds, comparable to those issued through the Port Authority of Kansas City. Unique to KCATA, however, is its ability to support projects across state lines. The authority's compact covers Cass, Clay, Jackson and Platte counties in Missouri, plus Johnson, Leavenworth and Wyandotte counties in Kansas.
That said, RideKC is not racing to vet a large tranche of transit-oriented proposals under the START policy. If the organization receives 100 project applications, it might pick five that best realize priorities such as job access and workforce development, Vice President Frank White III said.
Read more via www.TonysKansasCity.com link . . .
RideKC will use economic development, incentives power for transit-focused metro projects - Kansas City Business Journal
For 57 years, the Kansas City Area Transit Authority has had - but not wielded - the ability to provide incentives for transit-oriented projects throughout its bistate coverage area. That inaction could change soon with a new economic development program crafted through its sister agency.