Archive for Business

UG to consider $25 million bond issue for Indian Springs development at tonight’s meeting

The old Indian Springs mall at 47th and State Avenue in Kansas City, Kan., was demolished in 2016. (File photo)


A “flex tech” development at the former Indian Springs shopping center is on the agenda for the Unified Government Economic Development and Finance Committee at 5:30 p.m. tonight at City Hall.

An industrial revenue bond issue of $25 million is proposed for the development.

A 26.59-acre business park is proposed at the site, with about 350,000 square feet of “flex-tech” office and light industrial space, according to the UG agenda.

Lane 4 Property Group was in charge of redeveloping the former mall at 47th and State Avenue, which has been razed. The mall site is owned by the UG. A new entity, Axis Point Developers LLC, has been formed by principals of Lane4 and other partners for this project, according to the UG agenda.

Under the proposal, the UG would give the title of the property to the developer for $750,000. The UG would give a 75 percent tax abatement for 10 years for all “flex-tech” buildings through this target area, according to the agenda, which meet investment size and minority participation.

The first building would have more than 160,000 leasable square feet, according to the UG agenda and would be completed within two years of closing. If it didn’t meet the deadline, the net percentage tax abatement on the building would be reduced from 75 percent to 50 percent, according to agenda details.

The developer would agree to construct a minimum of 100,000 additional square feet in order to qualify for additional abatements in the second phase, agenda details stated.

According to UG agenda documents, the project is expected to create 150 temporary construction jobs and 350 full-time equivalent jobs.

During a 10-year period, the revenue received from the new development in lieu of taxes are estimated to be about $1.1 million.

In addition, the project is expected to generate about $1 million in sales taxes over 10 years in the “flex-tech” area, and utility revenue generated is estimated at $205,000.

With these proposed actions, the UG would terminate the Midtown Redevelopment District, issue $25 million in revenue bonds for Axis Point Investors and approve a development purchase agreement.

Earlier, the UG discussed the changes to Indian Springs in a meeting on Jan. 31. During the January meeting, UG officials stated the UG probably had spent $20 million over the years on Indian Springs, including a demolition cost of $2.5 million and a purchase price of $7.5 million, along with expenses for moving tenants. For information on the Jan. 31 meeting, visit http://wyandottedaily.com/ug-changes-direction-on-indian-springs-development/.

The meeting is scheduled to be held on the fifth floor of City Hall, 701 N. 7th St., Kansas City, Kansas, after the Neighborhood and Community Development Committee meeting.

KCKCC to hold ‘Get Hired – Kansas City’ Job Fair April 26

by Kelly Rogge, KCKCC

Booth space is available for employers for the Kansas City Kansas Community College 2017 “Get Hired – Kansas City” Job Fair.

The event is from 9 a.m. to 1 p.m. Wednesday, April 26, in the KCKCC Field House, 7250 State Ave.

The job fair is free and open to the public, and about 1,000 individuals attended last year. Special accommodations for veterans and disabled will be from 9 a.m. to 10 a.m.

Last year, a large number of those who were interviewed at the job fair were hired on the spot.

“We take pride in our services to our growing population of military and disabled students,” said Alicia Hooks, executive director of entrepreneurship and workforce center at KCKCC. “We are considered the largest job fair in the Kansas City metropolitan area.”

The job fair is sponsored by the Entrepreneurship and Workforce Center at KCKCC. To register online, the website link is www.gethiredkansascity.eventbrite.com. Early bird pricing is available until April 1. Regular pricing on all booth space ends April 15.

For more information on the Job Fair, call 913-288-7644.

West area sees much commercial building activity

Ground was broken March 22 for the $60 million Village South project in Edwardsville. (Photo by Murrel Bland)


Developing western Wyandotte County…

by Murrel Bland

There is considerable development activity in western Wyandotte County these days. Here is a quick summary:

Turner community. The largest building in the Turner community is the new warehouse that Amazon will start to use this fall. The change in retail habits has fostered this warehouse which will have more than 800,000 square feet of floor space.

Amazon boasts an extensive selection of items that can be delivered in two days or less. There is a national trend for shoppers to find retail items on the Amazon Internet website and then order.

Key to the success of this area has and will be Northpoint Development. That company is acquiring nearby real estate parcels along the Turner Diagonal through a corporation entitled Turner Land LLC. Northpoint sold the Amazon site to the present owners, a limited liability corporation with ties to USAA Insurance, San Antonio, Texas. The Amazon site is on a parcel of about 125 acres. Plans call for developing an area along the Diagonal from State Avenue to K-32. This would be about 800 acres.

Business West has written two letters to the Secretary of the Department of Transportation, encouraging the necessary funding along the Diagonal that would enhance the added truck traffic.

Village West. There continues to be more and more activity on property owned by Schlitterbahn. Ground-breaking is planned at 11 a.m. Wednesday, March 29, for the Frontier Justice. Owners Michael and Bren Brown have a similar location in Lee’s Summit.

Bren Brown recently explained that Frontier Justice caters to the “mid-market” — that between individually owned gun stores and Cabela’s. Frontier Justice sells firearms and archery products and also provides an indoor shooting range. Fireams training is also provided. The company also features a clothing boutique.

“Frontier Justice will promote personal freedoms in an inviting atmosphere that promotes responsibility and family,” according to the company’s Website.

A letter of intent has been signed by Grinders restaurant that proposes to develop its fourth location in buildings that once housed the Kansas Department of Transportation offices near 98th Street and State Avenue. Other Grinders locations are in the Crossroads District, Kansas City, Mo., Lenexa and Leavenworth. The restaurant chain owner is Jeffrey (Stretch) Rumaner.

Construction is moving ahead on a carwash that Schlitterbahn will operate. A fast-food restaurant will operate inside the carwash. Steve Sessions of Basehor will be the manager of the restaurant.

The Dairy Farmers of American headquarters office building is scheduled to open this spring.

A Star Fuel convenience store will be built on the southwest corner of 98th Street and Parallel Parkway. A Freddy’s Frozen Custard and Steakburgers will be built on the southeast corner of 98th Street and Parallel Parkway. The Freddy’s restaurant chain has more than 130 sites in 17 states including locations in Kansas, City, Mo., Lansing, Lawrence, Lenexa, Overland Park and Olathe. Bill and Randy Redler founded the Freddy’s chain. It was named after their father, Freddy Simon, who was a World War II veteran from close to Colwich, Kan., a small town near Wichita.

The Unified Government is looking for developers who would submit proposals for a convention center in the Village West Area. It would need from 30,000 to 50,000 square feet of exhibit floor space and a hotel with at least 225 rooms. Mayor Mark Holland said that the Unified Government is looking for a convention center that would attract visitors all year long.

Hollywood Casino had planned to build a convention center and hotel next to its location at the Kansas Speedway. However, Hollywood officials have declined to build it although that was part of its initial development agreement. Instead, Hollywood has opted to pay an annual penalty of about $1.4 million. Hollywood officials have said they are concerned about a bill in the Kansas Legislature that might reopen The Woodlands. Hollywood officials pointed out it paid a $25 million “privilege fee” along with a $250 million investment in the casino itself.

The National Training and Coaching Development Center has plans to open later this year. The $80 million project will house the offices of Sporting Kansas City, presently in the Crossroads District of Kansas City, Mo. It is east of 98th Street and south of Parallel Parkway.

Edwardsville. The city of Edwardsville is moving ahead with plans for its redevelopment district, east of 110th Street and south of I-70. Plans call for a mixed-use retail area which may include restaurants, a convenience store, hotels and a conference center. A tax increment financing district has been established for the area. Ground was broken Wednesday, March 22, for the $60 million Village South project. Those attending included investors, developers and public officials.

Bonner Springs. Public notices have been published in The Wyandotte Echo that call for the development of an area south of State Avenue and west of 118th Street. It also calls for tax increment financing. The area would include 69 triplexes, 112 duplexes and a 150-unit apartment complex. There would also be nearby retail including restaurants and a hotel.

Murrel Bland, the executive director of Business West, is the former editor of the Wyandotte West.