Monday, November 05, 2007

Important Dates Coming for Bannister

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. At least 12 tournament-quality soccer fields
3. 590 hotel rooms, including a new 250 room hotel attached to the stadium
4. Over 1 million square feet of mixed retail
5. 1.7 million square feet of office space

The first of the two meetings is a City Plan Commision meeting tomorrow, November 6, where they will discuss the rezoning of the properties in question and approving the plan. That meeting is at 11 am at City Hall, here is the address; 26th Floor414 E. 12th St, KCMO.

The second meeting is the big TIF meeting on Wednesday in the 4th Floor Hearing Room at 1100 Walnut in Kansas City. This is the big meeting, where we will hopefully here the TIF Commissions decision on the redevelopment of the location.

Here are some of the monitary specs, according to the Wizards email. The total cost of the project is projected to be $943.5 million, with $675.5 million - 72% of the project - to be private investment in Kansas City. The balance of $268 million, only 28% is requested to come from TIF. In addition, Lane4 is not asking the city to back the construction bonds and OnGoal, LLC has committed to paying for any cost overruns on the stadium.

Both meetings are open to the public and Wizards fans are encouraged to attend.

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