The role of EDCKC’s Land Development partner agencies is to maximize private investment in the physical environment of Kansas City, Missouri, leading to new jobs, new tax revenues, an improved quality-of-place and increased economic dynamism. The Land Development team coordinates with partnering agencies to solve financial deal-structuring (e.g. feasibility gap) problems and perform public-side due diligence while striving to leverage the maximum amount of private investment with the least amount of public resources.
The goal of the Land Development team is to make the redevelopment process as seamless as possible and to act as a single point of entry for redevelopment projects requesting tax abatement or redirection in Kansas City, Missouri. The Land Development team is the lead implementation staff for AdvanceKC – a disciplined review process which evaluates projects based on specific financial and policy criteria. The team also serves in an advisory capacity to developers seeking market information and help with accessing non-traditional financing resources.
Developers and companies can inquire about tax incentives, credits, loans and grants via EDCKC’s Land Development staff listed below.
- Chapter 353 Program
Provides tax abatement to accelerate removal of blight through renovation or new construction in designated plan areas.
- Industrial Development Authority (IDA)
Issues tax-exempt development bonds to as a source of low cost financing.
- Land Clearance for Redevelopment Authority (LCRA)
Enables property tax abatement, issues bonds and assists with land assembly to remove blight and encourage redevelopment within designated urban renewal areas.
- Planned Industrial Expansion Authority (PIEA)
Encourages investment and removal of blight and blighting conditions by providing property tax abatement within PIEA Plan Areas.
- Tax Increment Financing Commission (TIF)
TIF involves the capture/redirection of new project-generated property taxes and economic activity taxes to offset otherwise unsupportable re/development costs and/or revenue shortfalls.
Contact the EDCKC Land Development team
Senior Vice President, Business & Real Estate Development
Business Development Officer and Development Services Specialist