East Side KCMO Investment Tops $200 Million in FY2019

In EDC Loan Corp, Initiatives, Redevelopment, TIF, Urban Renewalby EDCKC Staff

EDCKC investment reaches all parts of our great city, impacting people, projects and ultimately, driving city-wide prosperity. FY2019 saw a significant amount of east-side investment in both projects and businesses, more than in years’ past, as this data shows: 

Council District 3:

  • $180 million in projects
  • 2x increase (136%) in EDC-assisted redevelopment compared to the last two years
  • 28% incentive-to-investment ration (the hightest in the city). The greatest amount of subsidy is going into CD 3 projects on a per-project basis. The city-wide average is ~17%. 

Council District 5:

  • $35 million in projects
  • 3x increase (286%) in EDC-assisted redevelopment compared to the last two years

The emergence of the Troost Corridor has taken off in the last year including these projects.

Approved or under construction: 

  • 22nd & Troost (LaQuinta)
  • 25th & Troost (Beacon House)
  • 27th & Troost (Milhaus Apts)
  • 28th & Troost (Wonder Lofts)
  • Armour & Troost (Mac Prop)55th & Troost (Scholars Row)

Pending:

  • Linwood & Troost
  • 31st & Troost
  • 45th & Troost

Finally, LoanUp, EDCKC’s business loan program has invested $255,000 in 3 (of 4) LoanUp businesses, which are located on KCMO’s east-side. See more at www.edcloancorp.com