Kansas City voters took a bold step in 2017 to spark redevelopment along the Prospect Avenue corridor by approving a one-eighth-cent sales tax designated to support economic development.
The five-member Central City Economic Development Sales Tax Board appointed to provide recommendations for spending the money is seeking public feedback and input on best ways to move forward.
The commissioners will review and recommend proposals to use tax receipts for 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.
This tax will run for 10 years and is expected to generate about $10 million annually. Guidelines have been crafted to help shape the discussions and give residents and the board clearer direction for how the tax revenue can be used. The City Planning and Development Department has prepared a Central City Sales Tax District Databook, full of information about the demographics of the area, development trends and redevelopment opportunities.
- The focus of the 1/8 cent sales tax will be on commercial/industrial, and residential development.
- Construction of large-scale office buildings and mixed-use projects, through new construction or building rehabilitation
- Industrial developments;
- Manufacturing facilities
- Quality multi-family and single-family housing
- Expansion of housing options to include mixed-income and mixed-use
- The sales tax will be used for both catalytic and incremental projects. (“Catalytic” refers to large-scale projects that have a substantial and immediate impact on economic development that is relative to the area and available funding. “Incremental” projects are those that are smaller in scale, yet which – together with other developments – have a growing impact that contributes to the Board’s visions.) Through this approach, the Board will strive to:
- Provide access to capital;
- Assist developers;
- Facilitate job creation;
- Enhance the tax base;
- Support existing businesses, including minority-owned and small businesses (retention and growth).
- Project infrastructure improvements will be considered for all developments.
- Herbert Hardwick, Chairman
- Melissa Patterson-Hazley, Vice Chairman
- Donna Wilson
- Ronald Finley
- Keith Brown
- Official Meeting Minutes -City Clerk’s Office
- 10/18/2017 Board Meeting Minutes
- 11/14/2017 Board Meeting Minutes
- 11/27/2017 Board Meeting Minutes
- 12/12/2017 Board Meeting Minutes