Kansas City Heavily Taxpayer Subsidized Jazz District 'One Nine Vine' Debuts

Today KCMO hypes this quasi-public housing debut . . . Without mentioning this fun fact . . .

This effort is part of more than 100 MILLION BUCKS garnered by the 18th & Vine District since 1990.

Our favorite 18th & Vine District fun fact . . . Public subsidy for this part of town has extended much longer than the Jazz Age. 

Here's a peek at the good news that we hopes provides an opportunity for somebody besides developers:

The developer received a 25-year property tax abatement from the Planned Industrial Expansion Authority and $3.9 million from a Central City Economic Development sales tax grant for a sales tax exemption on construction materials.

About the 25-year property tax abatement: 100 percent for 15 years, 50 percent for ten, from the Planned Industrial Expansion Authority.

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

"Kansas City leaders celebrated the grand opening of One Nine Vine, a beautiful six-story, $26M apartment complex in the heart of the 18th & Vine Jazz District."

Developing . . .