TIF

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November 20, 2008

Tax Credit for Stadium Approved

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Great news for all Wizards fans today. Today we are 1 step closer to Hillcrest Road becoming a reality.

Today the Missouri Finance Board has approved the $30 million tax credit for Lane4 and OnGoal for the Three Trails development at the old Bannister Mall site. The news comes from the Wizards Executive Vice President, Greg Cotton on Bigsoccer. Click to continue reading...
Down the Byline @ 12:23 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Greg Cotton, Kansas City Wizards, Major League Soccer, TIF, soccer specific stadium

November 17, 2008

Three Trails on Agenda

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The Three Trails redevelopment at the Bannister Mall site looks like it may finally be moving forward. The plan for the redevelopment of the site is on the agenda for Missouri Development Finance Board meeting this Thursday, November 20th. The redevelopment is the first piece of old business on the agenda for the meeting. Click to continue reading...
Down the Byline @ 12:24 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF, soccer specific stadium

November 7, 2008

Stadium Money Update

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The KC Business Journal has broken the news on the Bannister Mall situation today. The Journal is reporting that the Missouri Development Finance Board is set to approve the $30 million for the Three Trails redevelopment. Included in the development is the Wizards soccer specific stadium. The board and Three Trails Redevelopment LLC (with OnGoal LLC) have reached an agreement on the amount of square footage that needed to be developed to avoid the clawback clause. Click to continue reading...
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Tags: Bannister Mall, KC Business Journal, Kansas City Wizards, Major League Soccer, TIF, soccer specific stadium

October 7, 2008

Reason for Development Delay

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The KC Business Journal has an article for paid subscribers up on their website about the reason for the delays in the 3 Trails Project, including the Wizards soccer specific stadium. You can at least read a portion of the article and get an idea as to why. It would appear that the main reason for the delay is the fact that there is a disagreement between the developer and the state on the amount of square footage that would need to be developed to avoid a "clawback" provision. Click to continue reading...
Down the Byline @ 08:14 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF, soccer specific stadium

September 26, 2008

Bannister Mall has been Sold

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While discussing today's developments on the Bannister Mall redevelopment on bigsoccer. This google cached article was linked. The article talks about how Lane4, the developers in charge of the Three Trails redevelopment, have purchased Bannister Mall from the former owners for $12 million, or $70 per square foot. Click to continue reading...
Down the Byline @ 08:54 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Bigsoccer, Kansas City Wizards, Lane4, Major League Soccer, TIF, google

More Stadium Delays

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Those of you hoping to head to the Downtown Marriott in KC for the Missouri Developmental Finance Board hoping to see the Bannister Mall funding finally be approved, can cancel your plans and go ahead and go to work. The state tax credit for the development has been delayed again. According to an executive assistant to the board, the plan is not ready for a second presentation to the board. Click to continue reading...
Down the Byline @ 02:41 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, Stadium Construction, TIF, anchor, doubt

August 22, 2008

Costs Rising (Stadium Problems?)

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An article has come out today in the KC Business Journal talking about the redevelopment of the 3 Trails area, that includes the construction of the Wizards soccer specific stadium. Unfortunately, it's not good news. Due to the increase in construction costs recently, Lane4, OnGoal, and the other redevelopers are having to up their request for state tax credits from $10 million to $30 million. Click to continue reading...
Down the Byline @ 10:43 AM EST | Blog Profile | Post Detail
Tags: Bannister Mall, KC Business Journal, Kansas City Wizards, Major League Soccer, Richard Tolbert, Robb Heineman, TIF, soccer specific stadium

August 21, 2008

Local Media Picks Up on Stadium Delay

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NBC Action News here in KC has picked up on the continued delays in the process to get Bannister Mall torn down so that the Wizards stadium and a new shopping area can go in. As I've stated previously, the project is only needing one final approval before construction on the site can begin. Once that is done, then the construction on the stadium can actually begin. Click to continue reading...
Down the Byline @ 07:14 AM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, NBC, TIF, soccer specific stadium

August 15, 2008

Stadium Update

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A quick stadium update. The Wizards, OnGoal and Lane4 only have 1 hurdle left in getting the funds to begin construction of the Bannister Mall area, that includes building Hillcrest Road for the Wizards. That last hurdle was to petition the release of those funds from the Department of Economic Development. Click to continue reading...
Down the Byline @ 03:19 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Hillcrest Road, Kansas City Wizards, Major League Soccer, TIF, kansas city, soccer specific stadium

June 27, 2008

State Budget Passed Stadium Moving Along

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Missouri Governor Matt Blunt today signed the Missouri budget for this coming fiscal year. Part of the budget included the state TIF funding for the Bannister Mall redevelopment and the Wizards soccer stadium.
With that signed, there is now only 1 more hurdle for the Wizards and Lane4 to get over before construction can begin. Click to continue reading...
Down the Byline @ 05:02 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF, hurdle, soccer specific stadium, soccer stadium

June 18, 2008

Stadium News

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It looks like we may be waiting on a bit more then just the governor's signature, like I had thought we were for the stadium. A few of the KC city council members presented the redevelopment to the Missouri Development Finance Board yesterday. While the group got a good vibe from the meeting, the article does has some pretty sobering news for Wizards fans. Click to continue reading...
Down the Byline @ 08:39 AM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Greg Cotton, Kansas City Wizards, Major League Soccer, Road trip, TIF, radio, soccer specific stadium

May 7, 2008

Budget Passed (Stadium News)

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I'd mentioned recently how the Missouri budget had been stuck in the state House after some disagreements with the Senate on some things in the funding. As I'd mentioned earlier, the stadium is part of the budget, but was not the part that was causing problems. Well yesterday, the House and Senate came to an agreement and it was "Truly agreed to and finally passed. Click to continue reading...
Down the Byline @ 08:43 AM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF, soccer specific stadium

April 30, 2008

Stadium Update

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It's been a while since I've written about the Wizards and their stadium situation at Bannister Mall, so I figured it was time for an update. Since the approval by the Kansas City city council, the bill has moved on to the state level. At the state level, it started in the House where it spent most of the month of March. Click to continue reading...
Down the Byline @ 09:45 PM EST | Blog Profile | Post Detail (Links: 1 in)
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF, soccer specific stadium

March 17, 2008

Full 3 Trails TIF Plan

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Thanks to a poster on bigsoccer, we now have the full TIF plan for the 3 Trails Development (WARNING: it's 60 MBs). The 794 page document outlines the entire plan that is in front of the state. There are 24 pieces to the TIF, the stadium, hotel, tournament fields, and stadium retail will all be done by 2010. Click to continue reading...
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Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF

January 31, 2008

Tolbert Fails but Doesn't Concede

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Today was the final day for Richard Tolbert and the Save Bannister Group to turn in their signatures for saving Bannister Mall. And the grand total of signatures turned in? TWO!!! He didn't turn in any more signatures today, but since he likely had no where close to the number needed it's not surprising. Click to continue reading...
Down the Byline @ 06:34 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, Richard Tolbert, TIF

January 29, 2008

Tolbert Basically Admits to Not Having Signatures

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Tonight on 980 KMBZ AM here in Kansas City, Richard Tolbert basically admitted the group did not have the signatures required to put the 3 Trials TIF funding on the ballot. While on the radio talking about the campaign to recall Kansas City Mayor, Mark Funkhouser, the hosts asked Tolbert about his Bannister petition and if he had the signatures. Click to continue reading...
Down the Byline @ 09:00 PM EST | Blog Profile | Post Detail (Links: 1 out)
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF

January 28, 2008

Tolbert's New Plan

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Apparently, Richard Tolbert and the Save Bannister group are struggling for their signatures. So much so that they are planning to change their tactics on trying to save the mall.

According to the article, Tolbert and the group are now going to try and get the title to the mall and get TIF funding to resurrect the mall. Click to continue reading...
Down the Byline @ 05:51 PM EST | Blog Profile | Post Detail (Links: 1 in)
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF

January 21, 2008

Tolbert Filing for Extension

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It's not over yet. The hopes of Wizards fans, and South KC residents that after tomorrow Richard Tolbert would be gone from our minds will have to wait. Tomorrow was supposed to be the date that Tolbert had to have his 8500 signatures to put the redevelopment funding on an upcoming ballot. Unfortunately, tonight we find out that Tolbert plans to file for a 10 day extension in hopes of collecting the signatures he needs. Click to continue reading...
Down the Byline @ 11:30 PM EST | Blog Profile | Post Detail (Links: 1 out)
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF

Bannister Plans

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I came across this article from The Call while looking around the KCrag Forums. The article is a rehash of a lot of the information that's been out there already about Richard Tolbert's attempts to stop the redevelopment of the area. Still there are a few things from the article I want to touch on. Click to continue reading...
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Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF

December 18, 2007

Heineman on 3 Trails

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Last week, Robb Heineman was on Sports Radio 810 here in Kansas City, on Between the Lines with Kevin Kietzman. The Wizards have posted the interview on their website, you can listen to it here.

Overall the interview is really well done. Kietzman, who I'm normally not a fan of, asks some very informative questions to get more information out of Heineman about the project. Click to continue reading...
Down the Byline @ 08:33 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Interview, Kansas City Wizards, Major League Soccer, OnGoal LLC, Robb Heineman, TIF

December 13, 2007

Council Passes 3 Trails TIF

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The KC City Council today unanimously passed Lane4 and the Wizards TIF plan for Bannister Mall today, 13-0. As I stated yesterday, the one doubt had been Mayor Funkhouser. Funkhouser again in the meeting today stated his stance on Super TIFs, but then stated that he realized for this redevelopment, a Super TIF was required for it to succeed. Click to continue reading...
Down the Byline @ 05:58 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, Mayor Funkhouser, TIF, city council, kansas city

December 12, 2007

Full Speed Ahead

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The Finance Committee has passed the Three Trails TIF plan today unanimously, putting to the city council for it to be passed. The other good news from this article is the news at the end of the beginning of the fourth paragraph.
But a late amendment that would give the city the opportunity to remain engaged
with the financing of the project while it is being reviewed for state
assistance persuaded the mayor to drop his objections.
Click to continue reading...
Down the Byline @ 01:26 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, Mayor Funkhouser, TIF

December 11, 2007

Big Bannister Week

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I've said it before, but this week is a big week for the Wizards, Lane4, Bannister Mall, and the Three Trails TIF. After the Finance Committee tabled voting on the plan last week, it is back on the agenda again for the meeting tomorrow at 8:15 at City Hall.

After that meeting, should all go well, it will go to the full city council for a vote on Thursday, again at City Hall. Click to continue reading...
Down the Byline @ 11:05 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, Mayor Funkhouser, TIF

December 5, 2007

Residents Talk

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Along with the whole finance meeting and Funkhouser saying that the Super TIF should be removed, local residents around the mall are speaking up.

The Star article I posted in the Funkhouser post has a few South KC residents talking in it. They're wanting this thing passed, and the fact that Funkhouser seems to be dragging his feet looks to them as though Funkhouser cares nothing about the South side of town. Click to continue reading...
Down the Byline @ 06:45 PM EST | Blog Profile | Post Detail (Links: 3 out)
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF, rant

Mayor Funkhouser Says No Super TIF

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Mayor Mark Funkhouser has made his feelings known on the redevelopment plan of Bannister Mall and the surrounding 3 Trails Area. He's excited about the plan. But he is not going to sign off until more discussion has taken place, including the dropping of the Super TIF requirement.

Funkhouser says that the Super TIF will generate "no benefit" for the city with the use of the Super TIF. Click to continue reading...
Down the Byline @ 06:20 PM EST | Blog Profile | Post Detail (Links: 1 in)
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, Mayor Funkhouser, TIF

The Speed of Government

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Today was supposed to be the day that the KC Council Finance Committee voted on the plan at Bannister Mall for the redevelopment of the area. Unfortunately 3 hours or so after the 8:15 meeting started, no vote had been taken, and the matter had been tabled until next Wednesday when it will be voted on. Click to continue reading...
Down the Byline @ 06:04 PM EST | Blog Profile | Post Detail (Links: 1 in)
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF

December 4, 2007

Finance Committee Meeting Tomorrow

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Kansas City Mayor, Mark Funkhouser, will make have his first public session on the Lane4/Wizards Bannister Mall TIF tomorrow at the Kansas City Council Finance Committee meeting. The meeting is at 8:15 am on the 10th floor of City Hall, at 414 East 12th Street. This is another big hurdle for the plan, as Mayor Funkhouser ran for mayor on a reformation of the TIF platform. Click to continue reading...
Down the Byline @ 08:37 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, Mayor Funkhouser, TIF

November 16, 2007

More Bannister Stadium Stuff

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Some more great information from Pete Grathoff's blog, Tor! Tor! Tor! about the potential stadium at Bannister Mall. Pete posted some interesting facts about the stadium, including:

The average paid attendance is expected to be 13,500 for 20 Wizards games.
I think this is likely a rather low attendance guess for the team. Click to continue reading...
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Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF, soccer specific stadium

November 12, 2007

3 Trails TIF Plan

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Today on Mayor Funkhousers blog, he posted an analysis of the 3 Trails TIF plan. I won't go into a lot of details on the analysis, but there is a lot of good information on the plan. Including how it's going to affect many things, including how many jobs this development will create, how it will help to reduce crime, help to improve the blighted area, among other things. Click to continue reading...
Down the Byline @ 08:42 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF

November 7, 2007

TIF Commission Gives Wizards/Bannister Unanimous Support

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A quick post. The TIF Commission has given unanimous approval for the Three Trails District TIF Plan proposed by Lane4, that includes a Wizards SSS. Big day. The plan now goes before the city council in late November/early December, and from there, goes to the state assembly for approval in early 2008. The Wizards hope to break crowd in early 08 and have construction going full force later that year. Click to continue reading...
Down the Byline @ 02:28 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF, Wizards, soccer specific stadium

November 6, 2007

Big Day for Bannister Mall Tomorrow.

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The fate of Lane4 and the Kansas City Wizards plan for the redevlopment of the Bannister Mall area will likely be decided tomorrow morning. The Kansas City TIF Commission will meet tomorrow morning at 9:30 AM in a special meeting to discuss the plan. By all accounts that I've heard, the plan seems to have a good shot at passing. We will see what happens at the meeting. Click to continue reading...
Down the Byline @ 11:56 PM EST | Blog Profile | Post Detail
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF, soccer specific stadium

More on Wizards Move to Community American Ballpark

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The Wizards have released the news on their website finally to go along with the KC Star story I posted last night about the team's 2008 home being Community America Ballpark, home of the T-Bones.

From a friend of mine that posts on bigsoccer, and works for theWizards, we have this photo of not just the layout, of the field, but the ticket layout for the building as well. Click to continue reading...
Down the Byline @ 07:13 PM EST | Blog Profile | Post Detail (Links: 1 out)
Tags: Bannister Mall, Community American Ballpark, Kansas City Wizards, Major League Soccer, TIF, Wizards, temporary stadium

November 5, 2007

Important Dates Coming for Bannister

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The Kansas City Wizards sent out an email to their email distribution list today, with information about the upcoming meetings involving the proposed redevelopment of Bannister Mall, that would include a stadium for the Wizards to play in.



Here are a few highlights of the project from that email

1. 18,500 seat soccer stadium
2. Click to continue reading...
Down the Byline @ 01:19 PM EST | Blog Profile | Post Detail (Links: 1 in)
Tags: Bannister Mall, Kansas City Wizards, Major League Soccer, TIF, Wizards, soccer specific stadium

October 11, 2007

TIF Commission reschedules Bannister Mall

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The TIF Commission of Kansas City has decided to hold a special meeting on Wednesday Nov. 7 to review the $943 million redevelopment proposal for Bannister Mall and surrounding area. My understanding is this does include what remains of Benjamin Stables. Aaron March, a lawyer with White Goss Bowers March Schulte & Weisenfels PC who is representing Three Trails Redevelopment LLC asked the commission to hear its request a week before the next regular TIF meeting. Click to continue reading...
Baines Thought Collective @ 12:01 AM EST | Blog Profile | Post Detail
Tags: , Bannister Mall, Kansas City Wizards, OnGoal LLC, TIF, Woody Woodruff, kc wizards

October 9, 2007

Bannister TIF Decision Delayed

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I was all ready to post this link from Baine's Thought Collective, about the agenda for the TIF meeting on the 10th, when the Three Trails project, aka the Wizards project, was to be discussed. Unfortunately it looks like his link may be a little bit off, as this article was also released tonight.

The article from the KC Business Journal states that the proposal for the Bannister site has been tabled for another month. Click to continue reading...
Down the Byline @ 11:45 PM EST | Blog Profile | Post Detail (Links: 2 out)
Tags: Baines Thought Collective, Bannister Mall, Kansas City Wizards, Major League Soccer, TIF, soccer specific stadium
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