EPIC Property Taxes Threaten To Kill Doomed Mission Gateway

One more time for the cheap seats . . .

MISSION GATEWAY MIGHT BE THE WORST DEVELOPMENT IN THE KANSAS CITY METRO AND PROVES MIDDLE-CLASS COMMUNITIES ALSO STRUGGLE TO BUILD THE FUTURE!!!

Huge tax bill aren't out of the ordinary for this kind of project . . .

Moreover, nobody seems to have confidence that a cafeteria and movie theater along with light retail and cut rate "luxury" apartments will rescue this disaster. 

Check the deets . . .

The city of Mission could terminate its development agreement and yank its offer of tax incentives with the long-cursed Mission Gateway project — unless the developers pay up on late property taxes within the next 60 days.

Losing public financing, coupled with a bank seeking to foreclose on the property, could deal a death blow to the project.

The city sent a default notice to the developers on Monday after they failed to pay more than $449,000 in property taxes due last week.

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

Mission Gateway owes over $449K in unpaid taxes. The city might back out of the deal

The city of Mission could terminate its development agreement and yank its offer of tax incentives with the long-cursed Mission Gateway project - unless the developers pay up on late property taxes within the next 60 days. Losing public financing, coupled with a bank seeking to foreclose on the property, could deal a death blow to the project.