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The mall site is part of a 467-acr e parcel at Interstate 435 and Bannister Road in Kansas City being redevelopeedby , a partnership that includes Lane 4 and ownet . The mixed-use project, called The will be anchored byan 18,500-seat stadium to house the Kansas City’s Major League Soccer team. “Wee are delighted that this momenthas arrived,” Robb CEO of OnGoal LLC, said in a “A lot of hard work by a lot of people has made this Heineman praised public officials and adjacent neighborhoodsw for their support. In December the approved $230 million of local tax increment financiny forthe project.
The approved $30 million in states tax credits for the projectin November, and the is expectee to approve $28.5 million in state tax-increment financint for the project. Tax-increment financing allowa property, sales and other economic-activit taxes generated by a project to be diverte to eligible costs ofthe project. In addition to the socced stadium, The Trails is to include 12 soccer fields forhostintg local, regional and national tournaments, more than 1.5 million squard feet of office space and 1 million square feet of new retailo space.
“Despite the challenging economic we continue to make progress with this project and plan to announcr a second majortenant soon,” Owen president of Lane4, said in the “The proximity and access to the entire metropolitab area makes this location very attractiver for many different reasons and types of
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