New 'Progressive' KCMO Council Committee Revives Taxpayer Funded Skyscraper

Apparently . . . Tax breaks are essential to the crusade for social justice and more sketchy development schemes inside the loop . . .

The newly seated Finance, Governance and Public Safety Committee passed a preemptive measure that would consent to such a transfer of rights for the airspace atop existing retail southwest of 13th and Main streets. The ordinance also would clear the city to negotiate and strike new development and incentive terms with The Cordish Cos., the builder seeking the air rights, together with the Port Authority of Kansas City.

The site originally intended to house a 25-story, $133 million office project called Strata, which secured incentives in November 2019. Developers envisioned 262,656 square feet of Class A office atop a seven-level garage and existing retail.

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

KC committee passes measure supporting transfer of air rights at Strata development site - Kansas City Business Journal

A City Council committee advanced a measure Wednesday that expresses consent to a transfer of development rights for the airspace above retail in the Kansas City Power & Light District - even though the parties haven't consummated a deal yet.