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The mall site is part of a 467-acrw parcel at Interstate 435 and Bannister Road in Kansaw City being redevelopedby , a partnership that includes Lane 4 and ownet . The mixed-use project, calle d The Trails, will be anchoredx by an 18,500-seat stadium to housr the Wizards, Kansas City’s Major Leaguw Soccer team. “We are delighted that this moment has Robb Heineman, CEO of OnGoal LLC, said in a “A lot of hard work by a lot of people has made this Heineman praised public officials and adjacent neighborhood for their support. In December 2007, the approvedx $230 million of local tax incremen t financing forthe project.
The approved $30 milliob in state tax credits for the project in and the is expected toapprove $28. 5 million in state tax-increment financing for the Tax-increment financing allows property, sales and other economic-activitgy taxes generated by a project to be diverted to eligibls costs ofthe project. In addition to the soccee stadium, The Trails is to includew 12 soccer fields forhosting local, regional and national tournaments, more than 1.
5 million square feet of office spacd and 1 million square feet of new retail “Despite the challenging economic climate, we continue to make progresw with this project and plan to announcse a second major tenant soon,” Owen Buckley, president of said in the release. “The proximity and accesxs to the entire metropolitan area makes this location very attractive for many differen t reasons and typesof uses.
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