One of Kansas City's most iconic entertainment districts is worth a great deal less according to recent dox.
To wit . . .
COUNTRY CLUB PLAZA DEEPLY DISCOUNTED REVEALS RISKY REAL ESTATE MARKET FOR NEARY RESIDENTS!!!
From our perspective . . .
This sale wasn't exactly good news and now the future of the district remains in flux given bargain basement prices.
Even worse . . .
These financial deets show us the VERY REAL COST OF 2020 BLM RIOTS/UPRISING that was endorsed by more than a few leaders including and up to Mayor Q.
Check the damage . . .
"Sale price, included in a Wednesday quarterly report by The Macerich Co., represents a 73.4% drop from the $660 million sum that Macerich and Taubman Centers' joint venture paid for the 15-block center in March 2016."
Read more via www.TonysKansasCity.com link . . .
KC Biz Journal: Country Club Plaza sold for almost 75% less than it did in 2016
KSHB: Financial filings reveal former Country Club Plaza owners sold shopping center for $175.6M
Developing . . .
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