Mission Gateway Stays Losing

An update on "progress" doesn't offer many deets.

Here's a bit of summary . . .

Under the latest plan, the developers were to receive as much as $22.5 million in special obligation bonds to support the development, but no incentives or bonds have been distributed for the project, which is off Shawnee Mission Parkway near Roe Avenue and Johnson Drive . . . 

Although the stalled project is frustrating, Mayor Sollie Flora said the future of the site is out of the city’s hands.

“At the end of the day, we really can’t force someone to complete a project,” she said. “Obviously, there is a lot of frustration on behalf of the governing body and on behalf of staff and on behalf of our residents.”

Translation . . . 

LEGAL BATTLES WILL LAST YEARS & DEVELOPMENT DREAMS REMAIN KAPUT!!!

Read more via www.TonysKansasCity.com link to worthwhile paywall report . . .

Where things stand for the Mission Gateway project - Kansas City Business Journal

Mayor Sollie Flora says that although "obviously, there's a lot of frustration," the fate of the site is out of the city's hand. Property owner Aryeh Realty faces a foreclosure suit from its lender and a claim of unpaid property taxes.

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