Kansas Claws Back Measly Seven Million Bucks After Cerner Buyout Implosion

The punchline here is that this is press release copy AND Kansas has lost at lot more on this deal.

Nevertheless . . .

Check the money line amid the aftermath of the biggest metro employer is kaput and the new boss is ramping up layoffs . .  . 

"The administration of Gov. Sam Brownback provided Cerner with $48 million in incentives in 2010 to build an office complex in Wyandotte County in exchange for the company’s promise to shower 4,500 jobs on Kansas. In 2011, the job metric obligations linked to the government-backed incentives were dropped in concert with a deal with OnGoal that led to construction of the soccer stadium for Sporting Kansas City.

"Overhaul of the original Brownback agreement with Cerner didn’t eliminate expectations the company would generate payroll tax collections sufficient to cover economic incentives provided by Kansas taxpayers for the office space opened in 2013.

"In 2021, Cerner put the set of office towers in western Kansas City, Kansas, up for sale and relocated employees. Cerner was later bought by Oracle."

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

Negotiated $7 million deal resolves fallout from Cerner's exit from Wyandotte County - Kansas Reflector

Sporting Kansas City's parent company agreed to pay $7 million to settle a dispute tied to Cerner Corp.'s failure to meet economic development obligations.