Kansas City P&L District Four Light 'Earns' Even More Tax Incentives

Again . . .

So much developer hype needs additional context . . . 

"During Power & Light’s lifespan, through April 2022, Kansas City has picked up the tab on at least $167.1 million in total principal and interest payments, an average of $10.4 million a year, the Kansas City Business Journal determined through analysis of city financial reports."

Deets . . .

"The building could get a full property tax abatement for 25 years. Over that time, Cordish would pay $5.625 million in lieu of taxes to affected jurisdictions. The developer's terms also provide for a per-unit cash subsidy for Four Light's parking, totaling about $17.1 million, and a sales tax exemption on construction materials."

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

KC Biz Journal: Luxury Four Light apartments start approvals with PIEA incentive vote

Developing . . .