Developers Want Tax Breaks For Kansas City's Katz Drug Store, But Some Worry The Price Is Too High kcur.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kcur.org Daily Mail and Mail on Sunday newspapers.
Tax breaks for Katz Drug Store project in Westport advance despite objections Steve Vockrodt, The Kansas City Star
Jun. 16 A Kansas City Council committee on Wednesday approved tax breaks for a developer who plans to build new apartments while also fixing up the historic Katz Drug Store Building in Westport.
Lux Living, based in St. Louis, proposes building a six-story, 192-unit apartment building on top of underground parking behind the Katz Building at Westport Road and Main Street. The overall cost of the project is $37.6 million.
The developer sought tax breaks that exceeded what an independent analysis showed was necessary for the project, but the council committee ended up passing a reduced level of benefits. The full Kansas City Council is expected to take the issue up Thursday for a final vote.