[CPEO-BIF] Commerce Tower project, Kansas City, Missouri

[Lenny Siegel <lsiegel@cpeo.org>]

Commerce Tower developer tells an unlikely story about why he didn't receive tax credits from Missouri

By Steve Vockrodt 
Pitch Weekly (MO)
May 19, 2015 


Did a downtown Kansas City developer concoct a ruse in front of a city agency en route to tapping public funds for his project?

That's what we wondered after reading a curious story in the Kansas City Business Journal about the development of the Commerce Tower at 9th and Main. The story, which was posted on May 13, described how Commerce Tower Group Inc. appeared before the Tax Increment Financing Commission of Kansas City to request additional subsidies to give Commerce Tower a makeover. The TIF Commission plays a key role in handing out one of the strongest subsidy tools for developers.

…

For the entire article, see
http://www.pitch.com/FastPitch/archives/2015/05/19/commerce-tower-developer-tells-an-unlikely-story-about-why-he-didnt-receive-tax-credits-from-missouri

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street
Mountain View, CA 94041
Voice: 650-961-8918 or 650-969-1545
Fax: 650-961-8918
LSiegel@cpeo.org
http://www.cpeo.org




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