Panasonic's massive EV-battery plant will need lots of juice. The question has been who will pay to upgrade the grid, including for a $62 million substation under construction.Here’s how Evergy’s Panasonic-supporting De Soto substation costs will be covered
Panasonic's massive EV-battery plant will need lots of juice. The question has been who will pay to upgrade the grid, including for a $62 million substation under construction.
The purchase price includes prepaid rent to allow the public company to remain at the Lenexa facility for the next six months.
The buyer made its third property acquisition in the Kansas City region in the past six years.
Across the street from the Panasonic plant, De Soto is considering providing incentives to redevelop World War II-era housing into affordable units.
In addition to the 125-room hotel, the developer also plans to build more restaurant and retail space in a future phase.