Kansas City Four Light Moves Forward With More Generous Tax Breaks

The dream of turning downtown Kansas City into a luxury destination persists by extending a bad deal that's nearly two decades running.

Moreover . . . This city hall generosity seems exceptionally SUSPECT when cash for so many local infrastructure projects is quickly disappearing.

Take a look . . .  

"The city's Planned Industrial Expansion Authority on Thursday authorized a 25-year property tax abatement and sales tax exemption on construction materials for the 25-story, 293-unit high-rise. The project will replace surface parking lots to the west and south of B&B Theatres. It also includes 17,000 square feet of retail space, much of it in a two-story restaurant building northwest of Main Street and Truman Road."

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

Four Light secures 25-year PIEA incentive, bringing apartments closer to construction - Kansas City Business Journal

Four Light has tax incentives officially authorized, clearing the way for the $156 million tower to move on to other steps, such as project plan approval.