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Port KC approves 20-year tax incentive deal for Plaza apartments

Summary by Ground News
Port KC unanimously approved a 20-year property tax abatement plan for a project on the Country Club Plaza. The developer, local real estate firm LANE4, plans to build a 13-story market-rate apartment building with 328 units on top of a parking garage. The development will cost about $140 million.

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Port KC approves 20-year tax incentive deal for Plaza apartments

Under the incentive deal, the developer would avoid paying about $28.9 million in taxes over the next two decades.

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kcur.org broke the news on Wednesday, August 30, 2023.
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