KANSAS CITY, Mo. -- A real estate firm is looking to get some tax help developing a Coscto in the Northland near 152-Highway and Platte Purchase Drive.
If all goes as planned the area will look a lot different come April of 2017. MD management is hoping to develop the land with a Coscto as an anchor store, and it hopes up get some TIF money to do so
An attorney for MD Management says the company is seeking tax increment financing to reimburse the developer for up to $59 million worth of public infrastructure work at the site
Tax Increment Financing Commission of KC approved MD Management for the development incentive and voted Wednesday to enter into a funding agreement to review the firm’s development plans.
The Kansas City Council, which has the final say did not discuss the issue, instead delayed it for at least two weeks.
The management company also donated land to the Platte County R-3 School District for two future schools in the area.