Kansas City board OKs $1.6 billion TIF for $4.3 billion redevelopment project

Kansas City’s Tax Increment Financing Commission voted unanimously to forward the Bannister & I-435 TIF Plan to the Kansas City Council for approval. It would make available a total of $1.635 billion in TIF for a $4.3 billion redevelopment of the former Bannister Mall area. The developer plans a 4.5 million sf mixed-use campus on the blighted 251-acre site. The TIF financing would be cut off if the project doesn't meet employment targets.

(http://www.bizjournals.com/kansascity/news/2013/09/11/tif-commission-advances-43-billion.html)