Historic midtown Kansas City building changes hands

The imposing Greek-columned Athenaeum clubhouse, built in 1914 for $50,000 by women who wanted a home for their literary club, has been sold to another women’s organization that prizes literacy. The brick edifice at 900 W. Linwood Blvd. is now owned by the Delta Educational and Economic Development Foundation, an organization founded by the Kansas City alumnae chapter of Delta Sigma Theta, a sorority for African-American women. With fading membership and high operating expenses, the Kansas City Athenaeum, a nonprofit organized in 1894 that continues to provide philanthropic support, no longer could afford the imposing brick facility it had occupied for 101 years. From a membership high of about 1,000 in the 1920s, the club was down to a few dozen in recent years. The Delta chapter, with 228 active members, plans to use the building for its chapter headquarters. “We’ve also partnered with the Women’s Employment Network and the Full Employment Council to offer educational programming for girls and women in the building,” said Lisa White Hardwick, a Delta chapter member who was active in the transaction. Hardwick, vice president of the DEED Foundation, said the Delta group will work to make the structure compliant with the Americans with Disabilities Act by installing chair lifts at the staircases and renovating the restrooms. Efforts to shore up the Athenaeum budget previously included admitting men as members in 2002, auctioning off the organization’s silver service and other assets in 2009, and renting out its kitchen to caterers and its auditorium as a special events venue. Several other buyers had looked into purchasing the notable midtown building before the sorority deal was sealed. “We’re thrilled that our building will have new life with a growing, community-minded organization of women,” said Susan Jezak Ford, an Athenaeum member, who said the Athenaeum group continues to meet. Terry Miller, president of the Athenaeum Club House Company Board, said the organization wanted the building’s sale price to be confidential. The building is listed on the National Register of Historic Places. Diane Stafford: 816-234-4359, @kcstarstafford


Two Dunkin’ Donuts planned for Lee’s Summit

Berliner Group of Omaha plans to open a Dunkin’ Donuts in Gladstone’s Meadowbrook Village Shopping Center later this month. The Gladstone location is part of a plan that includes opening 14 more Dunkin’ Donuts in the St. Louis area over the next 7 years.


Fed moves to bar bailouts of failing firms

Rule will restrict central bank’s ability to extend emergency loans to financial institutions

Interest rates must be set high to encourage speedy repayment in cases of emergency lending

Fed spent $2 trillion on so-called too-big-to-fail companies during the financial crisis


Interactive report on Kansas City's downtown development boom

Downtown Kansas City’s rejuvenation is now rolling into a new era, with the start of the $100 million streetcar line on Main Street and 70 projects in areas that include Crown Center, the Crossroads Arts District, the Downtown Loop and River Market. We map the changes in an interactive report.

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