Friday, July 12, 2013

Public hearing for Argentine Wal-Mart proposal set for August 15


KANSAS CITY, KAN. ---- A public hearing will be held August 15 for a new Wal-Mart on 18th Street and Metropolitan in the Argentine neighborhood of Kansas City, Kan.

The Wal-Mart will be part of the Metropolitan Avenue Redevelopment District TIF. The proposed store will be just over 41,000 square-feet in size. An additional 20,000 square-feet in retail will also be part of the TIF.

The total investment of the project is $9.5 million; up to $4.3 million in incentives could be pledged to the project.

Over 60 new jobs in Wyandotte County would be created if approved. 

More information from the Unified Government agenda:
The UG Board of Commissioners approved O-51-11 on November 17, 2011, creating the Metropolitan Avenue Redevelopment District (TIF). The District was comprised of two Project Areas, at this time a Redevelopment Project Plan has been submitted for Project Area 2.

The Development team of Argentine Retail Developers and Lane 4 Property Group have proposed an approximate $9.5M, 61,400sqft Retail Development, anchored by a 41,000sqft Wal-Mart Neighborhood Market grocery. The project is asking for incentives of Property Tax TIF and Home Rule Local Sales Tax to be pledged towards project costs, in an amount not to exceed approximately $4.3M.