This is a pretty standard opt-out that didn't garner much attention . . . But it should.
Why?
MONEY TALKS LOUDER THAN MUNICIPAL HYPE & IT'S CLEAR THAT EVEN THE MOST SUCCESSFUL DEVELOPERS ARE MOVING AWAY FROM THE TOY TRAIN STREETCAR?!?
Of course there are other issues in play and we should remember a simple fact of life . . .
MOST STREETCAR DEVELOPMENT HAS BEEN TAXPAYER SUBSIDIZED!!!
This puts more organic biz at a disadvantage and creates a climate where too many hands out has a way of disincentivizing anyone who wants to run a REAL biz.
Check just a few more deets by way of this link tease . . .
"Sunflower Development Group introduced its $75 million Streetcar Lofts proposal in late 2024. Facing issues with construction costs and operating expenses, Sunflower dropped the 213-apartment project."
Read more via www.TonysKansasCity.com link . . .
KC developer drops 213-unit Streetcar Lofts project, citing cost inefficiencies - Kansas City Business Journal
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