Economy

Missouri is doing a poor job of tracking the economic impact of tax breaks, according to an audit released on Wednesday.

Missouri state Auditor Nicole Galloway said state government has no idea if incentives, exemptions, and newer tax laws changes are working as intended. She said the state isn’t accurately measuring how much revenue it’s losing.

Mayor Sly James' Office

Updated Wednesday, 3:15 p.m.

Kansas City Mayor Sly James announced Wednesday a new online campaign to attract Amazon's $5 billion second headquarters project to KC. His plan? Reviewing products on Amazon with Kansas City twists.

Port KC

A proposed $30 million extension of the downtown streetcar to Kansas City's Berkley Riverfront could substantially boost development opportunities and allow people to live and visit there without cars, according to the leader of Port KC.

And Port KC, which receives a big part of its revenues from a long-term lease agreement with the Isle of Capri casino, plans to find ways to help fund the streetcar expansion “with or without” federal funding.

Kevin Collison / City Scene KC

Winslow’s BBQ, a City Market institution that traces its roots to the “roaring” River Quay days in 1971, is going out of business next month.

The barbecue joint and its 300-seat outdoor patio overlooking the City Market vendors has been a familiar fixture for generations, but that will all end Oct. 15, according to Deb Churchill, vice president and property manager for KC Commercial Realty Group which manages the market for the city.

Photo from restaurant Facebook Page

Cafe al Dente is closing after 17 years in the River Market, the first business to depart following the purchase of its building and others along Delaware Street by a Denver investor.

The Italian restaurant posted on its Facebook Page this week it was being “kicked out” of its space at 412 Delaware St., observing “the new building owner has decided we don’t meet his vision and will not renew our lease.”

Kevin Collison / KCUR 89.3

Alexander Austin has worked on some big canvases as one of the city's preeminent street muralists, but the new assignment he's executing in the Power & Light District is taking him to an even higher level.

As in 80 feet above street level painting a mural over a half-football field long on the new 24-story Two Light apartment tower.

"It's the biggest I've ever done," says Austin, who began his mural career on Troost Avenue in the early 1990s as a homeless person. "To have Cordish show this much appreciation for me, I'm honored."

Kevin Collison / KCUR 89.3

The North Loop freeway that divides the River Market from the rest of downtown won’t be going away anytime soon if the advice of a panel of national urban planning experts is followed.

Bottom line, there’s too much easily developable land already available downtown to make it cost effective to redevelop the North Loop corridor, concluded the group from the Urban Land Institute.

“Our panel believes now is not the optimal time to pursue redevelopment in that area,” says Glenda Hood, the chairwoman of the ULI panel and the former mayor of Orlando, Florida. 

Kevin Collison / KCUR 89.3

The Crossroads Academy hopefully has found a new permanent home for its downtown high school, the long-vacant, historic Attucks School in the 18th & Vine Jazz District.

The charter school has submitted a bid to the city to buy the old building at 1815 Woodland Ave. If accepted, it could ultimately house 500 high school students attending the expanding Crossroads Academy program.

Robert Scoble / Flickr — CC

Kansas City is launching an effort to be the home to Amazon’s second corporate headquarters.

Amazon plans to plow more $5 billion into building another headquarters that will be an equal to the current one in Seattle. The internet retailer plans to employ some 50,000 people with average salaries topping $100,000 at what it is calling “HQ2.”

Kevin Collison / CityScene KC

Craig Slawson knows a lot about oil exploration, a business his family has been in for 60 years.

In that industry, when you find a "play," you’ve identified a geological region where conditions are ripe for discovering oil fields, lots of them.

Now that he’s expanded into real estate, the Denver-based founder of Epoch Developments believes he’s located a promising new "play" for that business in the River Market.

Foutch Brothers, LLC

The $39 million redevelopment of the former Kemper Arena into a amateur sports complex that's expected to draw a half million out-of-town visitors to the West Bottoms annually has cleared its last financial hurdle.

Burns & McDonnell Adds 20 Partners To Its KCI Team

Jul 18, 2017
Lexi Churchill / KCUR 89.3

From the “KC Built. KC Pride.” banners to the backdrop of the downtown skyline to the sprinkle of reps wearing Love KC shirts, Burns & McDonnell portrayed itself as the true hometown team during its KCI announcement Tuesday morning.

Andrea Tudhope / KCUR 89.3

When it became clear the Republican-controlled state legislature wouldn’t be raising the minimum wage above $7.70 an hour, leaders in St. Louis and Kansas City took matters into their own hands.

Conner Hazelrigg
Julie Denesha / KCUR 89.3

Three years ago, Conner Hazelrigg was a sophomore at William Jewell College, in Liberty, Missouri, when a friend came back from a trip to Haiti. The friend told Hazelrigg that everyone in the island nation—one of the world’s poorest countries—has a cell phone. They just don’t have any way to charge them. Electricity, she learned, was expensive and hard to find.

Kevin Collison / CityScene KC

Warren Erdman, the leader of the local effort to obtain state money for the proposed UMKC Downtown Campus for the Arts, warned Thursday that any alternative funding plan in response to the Gov. Eric Greitens’ veto last week should not place a “severe” strain on UMKC.

“The governor decided not to go in that direction, and the (state matching funding) tool is no longer in the tool box,” Erdman told a meeting of the Downtown Council board.

Kevin Collison / CityScene KC

City officials are working with a private developer to make the River Market an even more urban, mixed-use area by replacing three parking lots with a 400-space garage, and two apartment projects totaling more than 160 units.

Julie Denesha / KCUR

Sprint has entered two months of exclusive talks with cable giants Charter Communications and Comcast, according to a report from the Wall Street Journal.

KC Hotel Developers, LLC

The long-planned Kansas City downtown convention hotel has a new flag and welcome infusion of cash from Loews Hotels, a New York-based luxury hotel operator.

Developer and attorney Mike Burke, who has pushed for the convention hotel project for more than six years, says Loews has agreed to invest a “substantial” amount of equity in the 800-room project and operate the hotel.

Kevin Collison / KCUR 89.3

Apartment construction in metropolitan Kansas City is hitting levels not seen since before the Great Recession with more than 5,000 units expected to be completed by the end of this year.

Many of those projects are going up in downtown Kansas City and similar places such as old Overland Park, where developers say renters both young and old covet a walkable environment.

Frank Morris / KCUR 89.3

Kansas City, Kansas officially has a new soccer complex. It is part of a move to bolster the city's position as a soccer capitol.  

Peggy Lowe / KCUR 89.3

The number of business start-ups has increased for the third consecutive year, according to the annual Kauffman Index of Startup Activity, and immigrant-owned businesses show strong growth.

The annual Kauffman Index, released Thursday, says first-generation immigrants make up 30 percent of all new U.S. entrepreneurs, reaching its highest level for just the second time in 20 years.

Kevin Collison / KCUR 89.3

Downtown Kansas City leads the nation these days reducing its office vacancy rate, but not because it’s returning to its heyday as the region’s business center.

The drop is primarily due to the conversion of many older, obsolete office buildings into apartments and hotels as downtown has transitioned to a mixed-use, "live, work and play" district in the 21st century.

A total of 1.7 million square feet of former office space has been converted to new uses over the past three years, according to CBRE Group, a national real estate firm.

Frank Morris / KCUR 89.3

City leaders say Kansas City can get a new, single-terminal airport at no risk to tax payers.  Burns & McDonnell, one of Kansas City’s big engineering firms, is offering to take on the project at Kansas City International Airport, not just the design but the financing as well. 

Kansas  City Mayor Sly James says the deal would leave the city completely out of the project’s funding.

Courtesy Opus Developement Group

New projects in the works for historic Westport are prompting a grassroots effort to survey the district’s buildings to help provide a solid planning base for future development decisions.

Plans for two apartment projects and a hotel are being reviewed at City Hall for a district that’s been popular destination since before Kansas City was born.

Courtesy BNIM

Plans for a new downtown YMCA, the latest on expanding the Kansas City streetcar and an update on the UMKC downtown arts campus were discussed by the Downtown Council of Kansas City Thursday.

YMCA could wrap fundraising this summer

Backers of a planned Downtown YMCA that would incorporate the facade of the historic Lyric Theater as part of the $30 million project hope to wrap up fundraising this summer.

Courtesy Block Real Estate Services

Construction on the first multi-tenant office tower to go up in the Country Club Plaza in more than a decade is expected to begin this summer following approval of final incentives.

The 14-story 46 Penn Centre project is planned for 46th Terrace and Pennsylvania Avenue just north of the Seventh Church of Christ, Scientist by Block Real Estate Services.

Kevin Collison / KCUR 89.3

It’s been 30 years since metropolitan Kansas City’s beltway, Interstate 435, was completed, and its important role as a route for economic development has been a tale of two states.

In southern Johnson County, where the first leg of I-435 opened between I-35 and Metcalf Avenue in 1965, smart planning by local and state leaders has made the I-435 corridor that area’s bustling main street.

Kevin Collison for KCUR

North Kansas City is opening a new “front door” on Armour Road, transforming land once dominated by massive flour mills into a mixed-use district that includes an $8 million jewelry store.

KC Hotel Developers LLC

The planned $310 million convention hotel project is expected to create a better pedestrian connection between major downtown destinations as well as provide dramatic views for its guests, its architect says.

“We believe that this building should be designed for the residents of Kansas City,” architect Bob Neal of Atlanta-based Cooper Carry told the City Plan Commission Tuesday.

Elle Moxley / KCUR 89.3

The Missouri historic tax credit program, a development tool that’s revived scores of landmark buildings, is facing its most serious challenge in years, putting such major projects as the redevelopment of Kemper Arena in jeopardy.

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