The Industrial Development Authority (IDA) of the City of Kansas City, Missouri has the power to issue industrial development bonds (IDBs) to facilitate the financing of qualified business projects within the limits of Kansas City, Missouri. Project assistance may include the purchase, construction, extension and improvements of office buildings, hospitals, retirement facilities, warehouses, distribution facilities and industrial plants including the real estate, buildings and fixtures. The interest on the revenue bonds may be tax-exempt, which results in a lower borrowing cost.
Recent projects/bonds approved by the IDA Board:
- Briarcliff West, $15,150,000
- Colonnades at Beacon Hill, $4,690,000
- Ward Parking Center, $28,778,000
To learn more about the IDA and if your project qualifies for assistance, please contact Heather Brown, executive director.
The powers of the Industrial Development Authority are exercised by its board of directors who are citizens of Kansas City, Missouri and appointed by the mayor.
- Frederick H. Riesmeyer II, chair
- Aaron Berger
- Jesse Crupper
- Elizabeth Fast
- Ricardo Lopez
- Jon Otto
Additional information on the various types of industrial revenue bonds may be found by clicking here.