FOR IMMEDIATE RELEASE: June 1, 2018
The Central City Economic Development Sales Tax Board is requesting proposals for economic development projects along the Prospect Avenue corridor. The approved projects will be funded by the one-eighth-cent sales tax that Kansas City, Missouri, voters passed in April 2017.
This tax will run for 10 years and is expected to generate about $10 million annually. The tax receipts will fund economic development in the area bounded by Ninth Street on the north, Gregory Boulevard on the south, the Paseo on the west and Indiana Avenue on the east.
Several public meetings were held so that residents could share their thoughts with the board, which actively sought to obtain as much feedback as possible before officially requesting submissions.
Selection criteria will include the experience and capacity of the team, financial feasibility, leveraging capability, and the positive impact on the community. The issue, which landed on the ballot through an initiative petition, was backed by a coalition of groups concerned with a lack of commercial and residential investment in this core part of the City.
The five-member board appointed to provide recommendations for spending the money will review each completed proposal before presenting the top candidates to the City Council to approve. The board members are: Keith Brown, Ron Finley, Herb Hardwick, Melissa Patterson-Hazley and Donna Wilson.
For more information, contact CCED Staff Liaison Jennifer Tidwell at 816-513-3037.