Port KC Approves EPIC Cash For Country Club Plaza Real Estate

Strangely enough . . . The Plaza isn't near any body of water . . . And yet the curious local outfit keeps taxpayer money flowing . . . Check-it: 

The Port KC Board of Commissioners in a Monday afternoon meeting approved the next step for development of a market-rate apartment building near the Country Club Plaza, effectively approving teardown of some of the city’s last affordable housing units.

Port KC board members approved Overland Park-based EPC Real Estate Group’s request for tax breaks on the Lewer Apartments, a 278-unit luxury apartment complex that would generate an estimated $5.3 million in new property taxes over the next 20 years. The building’s construction would also come with “increased contributions to the KC streetcar,” according to a slideshow in the meeting. Commissioner Matthew Oates, a former member of the Kansas City Public Schools board, was the only no vote.

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

Port KC approves tax breaks for a luxury apartment on affordable housing site

The economic development agency approved the next step for construction of a luxury apartment complex on the site of the Plaza Broadway Apartments.