1200 Main/South Loop Project 01 (KC LIVE) TIF
Section 1 Description of the Plan and Project  
Name of City and/or County: Kansas City  
Name of Plan or Project: 1200 Main/South Loop Project 01 (KC LIVE) TIF  
Report Period: 05/01/2017 to 04/01/2018  
Name of the person who prepared this annual report: Sandra L. Rayford  
Contact Information:    
City or County Contact Agency:  
Phone: 816-691-2109  
Private Sector Developer: Kansas City Live, LLC  
Person: Nick Benjamin  
Phone: (816) 877-8304  
Original Date Plan/Project Approved:  
Ordinance Number: 040154  
Most Recent Plan Amendment: 08/01/2017  
Ordinance Number: 1701177  
State House District: 24  
State Senate District: 7  
School District Kansas City, MO  
Location:    
Project 1 is generally bounded by 13th St on the north, Truman Rd on the south Grand Blvd on the east and Baltimore Ave on the west. Project 1A includes the ground rights to the block bounded by 12th St on the north, 13th St on the south, Walnut St on the east and Main St on the west, excepting the property at the northeast corner of the block.  
Description of Plan/Project:    
Project 1 proposed acquisition, development, construction and rehabilitation of 350,000 to 425,000 sq ft of entertainment and retail uses, 2,000 parking spaces, streetscape, park development and associated public infrastructure and utility improvements.  
Plan/Project Status: Fully-Operational
Area Type:  
How was the "but-for" determination made?:    
 
Number of Relocated Residences During This Report Period: 0    
Number of Relocation Businessess During This Report Period: 0    
Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period: 0    
Identify any business that have relocation to the Redevelopment Area during this report period:    
Name Address Phone Number New or Relocated? Rel. from What City/County
801 Chophouse 71 E. 14th Street (816) 994-8800 New
Andrews McMeel Universal 1130 Walnut (816) 581-7580 Relocated Kansas City
Bice Bistro Café 14 E. 14th Street (816) 569-2310 Relocated Kansas City
Cosentiono's Market 10 E. 13th Street (816) 221-7400 Relocated Kansas City, MO
Drunken Fish 14 E. 14th Street (816) 474-7177 New
Fran's Restaurant 11 E. 14th Street New
Genghis Grill 1345 Main Street (816) 472-0699 New
Hotel 1102 Grand Blvd #804 (410) 752-5444 New
Indie Bar 1228 Main Street (816) 283-9900 New
Johnny's Tavern 1310 Grand Boulevard (816) 268-2260 New
Jos. A Bank 1320 Main Street (410) 239-2700 New
Kobe Japanese Steakhouse 1303 Baltimore New
Latte Land 1201 Main Street (816) 474-9889 New
Lovebird 1330 Main Street (816) 472-3551 New
Mainstreet Theater 1400 Main Street New
Midland Theater 1228 Main Street (816) 283-9917 New (re-opened)
Peachtree Restaurant 31 E. 14th Street (816) 886-9800 New
Pizza Bar 1320 Grand Boulevard New
Shark Bar 1340 Grand (816) 442-8140 New
The Garment District 1350 Main Street New
Yummo Yogurt & Custard Bar 1360 Walnut (816) 308-0187 New
Zafar Boutique & Salon 1370 Main Street (816) 527-0002 New
Estimate of New Jobs: 2304 Actual To Date: 1313
Estimate of Retained Jobs: 1493 Actual To Date: 0
     
Section 2 Tax Increment Financing Revenues    
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:    
Payments in Lieu of Taxes (PILOTs):    
Total Received since inception: $4,905,149.00 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $24,701,149.00 Amount on Hand: $0.00
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $0.00
   
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF: Total Since Inception: Report Period Only:
Public Infrastructure (streets, utilities, etc): $0.00 $0.00
Site Development (grading, dirt moving, etc): $0.00 $0.00
Rehab of existing buildings: $0.00 $0.00
Acquisition of land or buildings: $0.00 $0.00
Other: $40,399.00 $20,584.00
AMOUNT PAID ON DEBT SERVICES:    
Payments of principal and interest on outstanding bonded debt:    
Since Inception: $81,940,720.00 This Reporting Period: $5,952,238.00
Reimbursement of developer for eligible cost:    
Since Inception: $0.00 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $0.00 This Reporting Period: $0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $11,995,822.00  
Property Acquisition and Relocation Costs: $22,950,303.00  
Project Implementation Costs: $24,975,846.00  
Other: $33,783,707.00  
Other: $62,192,900.00  
Total Anticipated TIF Reimbursable Project Costs $164,948,209.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $321,135,195.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 21  
Current Anticipated Estimate (# of Year to Retirement): 16  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $1,440,000.00  
Assessed valuation added to the redevelopment project: $26,767,883.00  
Anticipated Assessed Value at Time of District Termination: $0.00  
Total Amount of Base Year EATs: $0.00  
Total Amount of Base Year PILOTs: $0.00  
Total Annual EATs Anticipated at Time of District Termination: $7,559,068.00  
Total Annual PILOTs Anticipated at Time of District Termination: $0.00  
Percentage of EATs Captured: 50%  
Total Years Anticipated to Capture EATs: 23
Percentage of PILOTs Captured: 100%  
Total Years Anticipated to Capture PILOTs: 23