New Country Club Plaza Owners STILL Desperately Seeking EPIC Tax Break

A worthwhile review of the debacle that doesn't really look to "save" the iconic shopping district but merely seeks to add more public ownership and government subsidized housing.

Here are the basics and more reporting . . .

First, the ownership group bought the Plaza in 2024 for $175.6 million — a fraction of what it was worth just a few years earlier . . . 

Since then, the owners have appealed the county’s assessment of the Plaza to slash their property tax bill by nearly 40%. They’ve pushed a $210 million tax-increment financing plan that would divert sales taxes to help rebuild crumbling infrastructure. Finally, they’ve proposed a property tax incentive to help finance about $1.5 billion in Plaza projects that could effectively lock in their property tax bill for three decades.

All those breaks start to add up.

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

Peeling back layers of the Country Club Plaza redevelopment deal