Friday, November 07, 2008
Stadium Money Update
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. This is what had caused the delays that kept the issue off the agenda back in September. The board meets again on November 20th, where they will look to approve the funding. After the funding is approved, it should pave the way for ground breaking and construction of the stadium.