Kansas City Developer Demands Streetcar Extension Rezoning Accommodation

A developer hack report highlights a sketchy premise in order to skim over the more important part of the story . . . 

The basics . . .

Amid the toy train gold rush . . . Local developers still demand to change the rules in their favor . . . 

Check-it . . .

Mac’s original $100 million plan for developing Main and Armour ran afoul of the City Council’s ongoing struggle to address the affordable housing challenge in the city.

At the time Mac’s project was proposed, city development policy mandated new projects seeking tax incentives set aside 10% of its units for people making up to 70% of median income, and 10% “extremely” affordable units for people making 30% of median income.

While Mac’s initial proposal met those requirements, the firm said it needed a $10.5 million cash subsidy over 20 years to make the project work financially . . .

The revised Mac project "only" is seeking a rezoning for the property.

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

Mac Properties is Back With New Plan at Main and Armour

Mac Properties has revived its big residential development plan at Main Street and Armour Boulevard, and this time it won't seek the incentives that prompted the City Council to kill the original deal last January. The Chicago-based developer has filed a rezoning request for its property at the southwest corner of Main and Armour.

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