Archive for Financing Incentives

Spencer Thomson Comments on Tax Incentives in Kansas City, Missouri

Spencer Thomson was one of many local real estate attorneys voicing concern against the recent positions and decisions by the City of Kansas City, Missouri regarding development incentives. Read the full Kansas City Star article here: Tax incentive critics emboldened after collapse of BNIM office project.

Metro North TIF Approved

The Metro North Tax Increment Financing Plan was approved by the City of Kansas City, Missouri in December 2015, clearing the way for the developer to begin redeveloping the site. Thomson Walker attorneys represented the same development group as they redeveloped the Blue Ridge Crossing Mall and Antioch Mall. Incentives for Metro North makeover head for final approval

Spencer Thomson Selected for The Best Lawyers in America for the Tenth Consecutive Year

Spencer Thomson has been selected by his peers to be included in the 22nd edition (2016 edition) of The Best Lawyers in America for his work in the practice areas of Eminent Domain and Condemnation Law, Land Use and Zoning Law, and Real Estate Law. Spencer has been included in Best Lawyers for the past 10 years.

Inclusion in Best Lawyers is based on an exhaustive and rigorous peer-review survey comprising more than 6.7 million confidential evaluations by top attorneys. For more than three decades, Best Lawyers has been regarded-by both the profession and the public- as the most credible and definitive guilde to legal excellence in the United States. Because no fee or purchase is required, being listed in Best Lawyers is considered a singular honor.

For more information on Spencer’s practice or Thomson Walker, LLC, please explore www.thomsonwalker.com.

Thomson Walker Client IAS Partners Ltd. to Purchase and Redevelop Metro North Mall

Thomson Walker is pleased to announce that its client, IAS Partners Ltd., will be purchasing the Metro North Mall in Kansas City, Missouri for redevelopment. Thomson Walker will assist IAS Partners with securing incentives and working with the City of Kansas City, Missouri and various economic development entities as the project progresses. Thomson Walker has previously assisted the developer with the redevelopment of the Blue Ridge Mall and the Antioch Mall.

More information on the story was reported in the following media outlets:

Kansas City Business Journal

Kansas City Business Journal

Kansas City Star

KCTV News 5

41 Action News

Power & Light Building Development Moves Forward with NorthPoint Development

The sale and redevelopment of the historic Power & Light Building is moving forward under the guidance of NorthPoint Development, the proposed redeveloper of the Building. The status and plans of the redevelopment are summarized by Kevin Collison in his article in the Kansas City Star. Thomson Walker, LLC represents the owner of the building and surrounding property.

Thomson Walker Assists Developer in Securing Sales Tax Reimbursement in Independence, Missouri

Thomson Walker, LLC provided legal counsel to Crackerneck West Retail, LLC in its efforts to negotiate a sales tax reimbursement incentive with the City of Independence, Missouri. For more on the incentive approval and development visit: http://www.examiner.net/article/20140603/NEWS/140609767/1994/NEWS

Emporia Pavilions Project Reviewed by Emporia City Commission

Spencer Thomson appeared on behalf of Emporia Land Development, LLC on February 12, 2014, before the Emporia, Kansas City Commission to provide an overview of the developer’s filing of a Tax Increment Financing Application and a Planned Unit District Application. The Applications relate to the project named “Emporia Pavilions”.

For further details about the City Commission meeting, see The Emporia Gazette article: “City Commission reviews development proposal at 24th and Industrial”

The City Commission Study Session meeting was followed by a neighborhood meeting in Emporia, Kansas at the Flint Hills Technical College. The public was asked to listen the development proposal and voice their initial concerns: “Public takes advantage of first chance to discuss Emporia Pavilions development.”

Thomson Walker is representing the developer on the project.

Thomson Walker Participating in Emporia, Kansas Development

Thomson Walker is advising Emporia Land Development, LLC in the developer’s efforts to bring a new multi-user development to Emporia, Kansas. Initial details were released by the Emporia Gazette on February 8, 2014:

“Developers behind grocery store, retail project”

For more information about the project, please contact Spencer Thomson at 816.875.3313.

Progress in Edwardsville, Kansas Industrial Park

Jones Development Company and Van Trust Real Estate, LLC are working together to build a new industrial warehouse in the Woodend Industrial Park in Edwardsville, Kansas. Thomson Walker assisted the parties in securing a 10 year property tax abatement from the City of Edwardsville, Kansas. For more information about the project, see the Kansas City Business Journal article, “VanTrust, Jones Development Make Spec Splash.”

Burlington Coat Factory Commences Construction in Independence, Missouri

Thomson Walker client, Cinema East, has a new tenant with construction underway in Independence, Missouri. See the full story by the Kansas City Business Journal: Burlington Coat Factory Store Construction Underway at site of Independence’s Blue Ridge Cinema.