KANSAS CITY, Mo. — Your tax dollars will now help foot the bill to help redevelop an abandoned building on Martini Corner in Kansas City, Missouri.
Thursday, the city council agreed to set up a community improvement district (CID) around a building at 31st and Oak streets.
The CID means when you buy something at one of the stores that opens in the redeveloped building, you’ll pay an extra one percent in sales tax.
The city will give that money to the developer, Paul Nagaoka, to help him turn the eye sore into something productive in the neighborhood.
Estimates say the extra tax will collect roughly $2.4 million dollars over 25 years.
The developer said “Made in KC” may open a coffee shop and shuffleboard hall at the location. Plus, he’s in talks with ice cream companies like Betty Rae’s to open a store there.
Nagaoka said the second floor will house co-working offices for mental health professionals and counselors.
Only city council members Eric Bunch and Brandon Ellington voted against the proposal.
