The City of Kansas City, Mo., controls about seven city blocks of property at 63rd Street and Prospect Avenue through a 99-year lease with the Tax Increment Financing Commission of Kansas City, which owns the properties.
The property was acquired by the City in settlement of lawsuits with a previous developer for the site, the Community Development Corporation of Kansas City (CDC-KC). With the City as a partner, CDC-KC had acquired the properties from private owners and relocated residents in the area. CDC-KC planned a shopping center on the site with adjacent residential development, but was unable to complete the project.
The City acquired the property so that it could be put to a use that would be positive for surrounding neighborhoods, and not be developed without a plan that benefits community stakeholders. The goals are to clean all City-controlled properties of environmental contamination and market the area for new uses.
What the City is doing
Marketing the redevelopment area
The map below shows the 63rd and Prospect redevelopment area boundaries. The City will request proposals from developers for this area.
Purchasing properties in the redevelopment area
The City is also purchasing four properties within the redevelopment area that were not purchased by CDC-KC, in order to offer the site as a parcel able to be fully developed.
Performing a market study for the area
The City has contracted with an independent firm to conduct a market study to show what could be successfully built in the redevelopment area. This includes current and future projections for commercial, residential, institutional, office and other uses. The market study was presented at a community meeting on May 16, 2013.