Two Kansas City projects receiving incentives sold last year for millions beyond what was envisioned by the agencies granting the abatements. The sellers walk away with a much greater return than expected, the buyer gets the profit-boosting benefit of the remaining incentive period, and the affected taxing jurisdictions see no immediate benefit.Incentive-backed luxury apartments sell for more than they cost to build
Two Kansas City projects receiving incentives sold last year for millions beyond what was envisioned by the agencies granting the abatements. The sellers walk away with a much greater return than expected, the buyer gets the profit-boosting benefit of the remaining incentive period, and the affected taxing jurisdictions see no immediate benefit.