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Resource ID: #22471
Source:New Times (Kansas City, Mo.)
Kansas City offers an array of tax breaks for housing developers. This story questions whether the city has been too eager to provide assistance. Incentives that have saved historic buildings and provided affordable apartments in the past are now applied to condominiums that cost $700,000. In the case of one luxury condominium, the city suspended property taxes despite the fact that taxes had fallen 73 percent in recent years. The story also describes instances in which a city agency granted incentives to a developer with a criminal past and to a "historic" building built in the 1970's.