Kansas City Approves TIF for Commerce Tower

Written on May 15, 2015 at 10:42 AM

This week, the Tax Increment Financing (TIF) Commission of Kansas City approved TIF assistance for the $138 million Commerce Tower mix-use redevelopment project. The approval was a major relief for the developers, as they lost out on roughly $5 million for hard costs they had anticipated in state brownfield tax credits. While state offices did offer an explanation why that would no be receiving the assistance, some sources assume it is due Missouri's effort to support the new $1 billion riverfront football stadium in St. Louis in hopes of keeping Rams owner Stan Kroenke from moving the NFL team to Los Angeles.

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Categories: Historic Tax Credits, Real Property, Apartments, Missouri, Tax Increment Financing (TIF)

Unique Challenges of Appealing Tax Increment Financing Incentivized Properties

Written on January 07, 2015 at 05:52 AM

By Tad Berry, Managing Consultant, St. Louis

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Categories: Real Property, Paradigm Info, Tax Increment Financing (TIF)

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