EPIC Apartment Tower Stays Winning Lenexa Taxpayer Subsidy

Credit to some of our more astute AWESOME TKC READERS who share a peek at the future of Johnson County housing.

Quick word sent our way . . . 

"Countdown to Section 8 already underway . . ." 

And then some choice verbiage that we can't share in order to stay at least somewhat mainstream.  

Of course . . . Here's a more optimistic take . . . 

"The Lenexa City Council voted to approve a TIF plan for The Rise project, located at the southeast corner of 87th Street Parkway and Renner Boulevard, and would sit on a 1.54-acre site. REAL Property Group is developing the Rise.

"The TIF plan, which will last 20 years, would allocate $8 million to the developer and $4 million to the City of Lenexa. Additionally, the City Council also approved the developer’s request for $21 million in industrial revenue bonds for a sales tax exemption on construction materials."

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

Ingram's: Lenexa City Council Approves Tax Incentives for 122-Unit Apartment Tower