FOR IMMEDIATE RELEASE: April 21, 2016
Today, City Manager Troy Schulte, 3rd District Councilman Jermaine Reed and members of the City Council presented a phased improvements plan for Kansas City’s historic 18th and Vine district. The improvements plan highlights district revitalization projects that will be funded through potential bond proceeds, philanthropic and private donations, grant funding and various tax incentives.
“This proposal focuses on developing public-private partnerships that are needed to sustain growth and development at 18th & Vine,” said City Manager Troy Schulte. “I appreciate the detailed analysis by City Planning staff to help guide this innovative proposal.”
The plan proposes a City bond-funding commitment of $27,637,162, which leverages a minimum private investment at $12,150,000 or 43.9%. Private investment will increase organically as commercial projects are solidified and through the attraction of private developers. Additionally, all available federal, state and local incentives will be made available to maximize the return on the city’s investment.
“The key to the revitalization of Kansas City’s Historic Jazz District is leadership. Councilman Jermaine Reed has spent much time on finding solutions and not finding fault. This is leadership,” said Congressman Emanuel Cleaver. “The combination of Third District Councilmembers Reed and Quinton Lucas is inching 18th and Vine closer to the long-stated goal of, again, becoming a destination attraction.”
“I applaud City Staff for going above and beyond to ensure solid sustainability for 18th and Vine as a premier destination location for generations to come, said 3rd District Councilman Jermaine Reed. “I look forward to furthering community conversations as we advance these plans to the full City Council.”
Following today’s presentation of the 18th and Vine improvements plan, residents and stakeholders and City Councilmembers will the opportunity to review the plan and provide feedback. The plan is available online at kcmo.gov/planning. The City will also host a public meeting on May 9 at 6 p.m. at the Gregg Klice Community Center. The City Council will review the final recommendations during a joint committee session between Planning, Zoning and Economic Development committee and the Finance committee, before it will be reviewed by the full council.
For more information, contact Chris Hernandez, City Communications Director, at Chris.Hernandez@kcmo.org, 816-513-3474.