Sale process puts $700M dent in KC Southern’s quarter — at least on the books
Kansas City Southern’s proposed sale delivered a real financial blow in the second quarter — at least on paper.
The Kansas City-based railroad company reported $720.8 million in costs related to its pending sale to Canadian National Railway Co. That nearly equaled revenue — $749.5 million — for the period that ended June 30 and was the main factor leading to a $378 million loss.
The biggest hit to merger expenses was $700 million the company paid to Canadian Pacific Railway Ltd. for walking…
One of the nation’s largest furniture chains expands to KC market
“The Bob’s Way” is coming Kansas City’s way.
Bob’s Discount Furniture will open its first stores in the metro area in the coming weeks. The Connecticut-based chain’s new stores in Independence and Merriam are among seven it plans to open nationwide around Labor Day, Furniture Today reports. The push will give Bob’s 150 stores in 24 states.
Bob's will take 30,000 square feet at 19120 E. 39th St. in Independence, according to Furniture Today. That’s a former Barnes & Noble space in…
Leavenworth County Commission chair’s suggestion could compete with existing development council
Small investors flip the script on hedge fund that invested in AMC Entertainment
Kansas City streetcar tax gets a jump on construction of extension
At least a part of the Kansas City streetcar’s extension to the Plaza area will begin rolling soon — the taxes to support the work.
Beginning July 1, sales taxes will go into effect in a transportation development district formed to support an extension of the streetcar from Union Station south to around 51st and Main streets. Property taxes in the district also will become effective, according to district officials.
The beginning of the taxes is triggered by the official awarding of $174 million…
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