Monday, April 25, 2011

Bannister Redevelopment Plan TIF Gets First Okay

Last Wednesday, Kansas City’s Tax Increment Financing Commission unanimously approved a new $590 million Bannister redevelopment plan, called ‘The Trails.’
The plan must now go before the City Council, which is expected to happen in May. Lane4 Property Group Inc. is seeking $191 million in city and state tax incentives for the plan, which includes 1.2 million square feet of retail, 1.5 million square feet of office space, and 150 hotel rooms.

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