Kansas City Council approves Burns & McDonnell expansion deal
05/15/2014 9:07 PM
06/03/2014 10:17 AM
Burns & McDonnell won approval for its $139.5 million headquarters expansion project Thursday from the Kansas City Council.
The approval had been expected following the unanimous endorsement of the council’s economic development committee Wednesday.
The first phase calls for construction of a 316,000-square-foot, four-story office building and 885-space garage on a 17-acre site now occupied by the former Beth Shalom synagogue at 9400 Wornall Road.
Environmental cleanup work at the dilapidated synagogue and school buildings is to begin late this month, with demolition and construction to follow this summer. The first phase is scheduled to be completed in 2016. A later phase calls for a 150,000-square-foot building and 668-space garage.
To assist the development, the council approved an incentive package that includes $41.9 million in tax increment financing assistance over 23 years and a Chapter 100 bond that will save the company $41.8 million in property taxes over 25 years. About 82 percent of the cost will come from private sources.
| Kevin Collison, email@example.com
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