Subsidy Tracker Individual Entry

Company: 
Pershing Road Development Co., LLC
Parent Company: 
SS&C Technologies Holdings
Subsidy Source: 
local
Location: 
Missouri
City: 
Kansas City
County: 
Jackson
Project Description: 

redevelopment of the Post Office, construction of office space, the construction of a parking garage for public use adjacent to the Union Station, and the construction of a pedestrian bridge between that and Freighthouse District

Year: 
2003
Major Industry of Parent: 
information technology
Specific Industry of Parent: 
software
Subsidy Value: 
$314,434,599
Program Name: 
Tax Increment Financing
Awarding Agency: 
Kansas City Tax Increment Financing Commission
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
New Jobs: 5846; Retained Jobs: 119
Source of Data: 

The value of the TIF subsidy, job numbers, and the project description were taken from: Missouri State Auditor, Pershing Road (IRS Service Center) TIF descriptions; available online at: http://auditor.mo.gov/TIF/vTIF.aspx?id=3041

Notes: 

The megadeal value is the maximum anticipated amount that the developer, an affiliate of DST Systems, can be reimbursed from the increment generate by the Pershing TIF district. Jobs are actual jobs created or retained by various tenants in the district as of 4/30/2013. Overlaps with main Subsidy Tracker data: two entries for 2010 ($9,892,934) and for 2011 ($9,742,976) under Local tax increment financing.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.