Subsidy Tracker Individual Entry
office development for a health care technology company
The value and the breakdown of the TIF reimbursement came from Ordinance # 130737 Fact Sheet, available at http://cityclerk.kcmo.org/liveweb/Documents/Document.aspx?q=qTDr%2fHOLQjEBhjlJghDY78dQnU3Ev1Py0j3BvXE2hzyFHgBaEs4rb1A9tr1rm7vN. The ordinance was approved by Kansas City Council on October 11, 2013. See also Lynn Horsley and Kevin Collison, "Kansas City Council approves $4.3 billion Cerner campus plan," The Kansas City Star, October 11, 2013; available at: http://www.kansascity.com/2013/10/10/4544821/kansas-city-council-approves-43.html; and Rob Roberts, "TIF Commission advances $4.3B Cerner campus," Kansas City Business Journal, September 11, 2013; available at: http://www.bizjournals.com/kansascity/news/2013/09/11/tif-commission-advances-43-billion.html?page=all
On October 11, 2013 the Kansas City Council approved tax increment financing district for a 4.5 million square foot mixed-use office campus that will be built by Cerner Corp. in 14 phases by 2024. The company will be reimbursed $1.6 billion for the construction costs and the reimbursement will come from various types of TIF: $740,097,851 from standard TIF, $288,632,659 from Super TIF and $606,421,732 from State Supplemental TIF. Overlaps with main Subsidy Tracker data: none.