RideKC Provides Tax Break Piggy Bank For Kansas City Developers Near Streetcar Extension

Local suits have found a new source of taxpayer largess that's BARELY LEGAL according to insiders.

Here's a peek at their progress . . .

On a split 4-2 vote, the RideKC Development committee supported Mac’s request for its 1 West Armour project at Main and Armour. The project is located by a planned streetcar stop.

If approved by the full KCATA board, it would provide a 15-year, 75 percent property tax abatement and a sales tax exemption on building materials for the project.

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

Mac Endorsed for Tax Breaks for Main and Armour Apartment Project

By Kevin Collison Mac Properties was endorsed for tax incentives for its 300-unit apartment development at Main and Armour by the RideKC Development board Wednesday. The agency is an arm of the Kansas City Area Transportation Authority and has become a major player providing incentives for projects that meet its description of what's called transit-oriented...