Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council advances T & W Steel relocation plan with LCRA incentives
Summary
Lee's Summit city council advanced a redevelopment plan that would let T & W Steel build a new industrial facility on Hamblin Road using Land Clearance for Redevelopment Authority (LCRA) incentives, keeping 31 jobs in the city and projecting several new hires.
Lee's Summit city council moved forward a redevelopment plan on Tuesday that would allow T & W Steel Company Inc. to build a new industrial facility on a roughly 28.5-acre site on Southeast Hamblin Road using LCRA incentives.
City staff and the company's representatives told council the package combines a sales tax exemption on construction materials and a 10-year, 75% property tax abatement using a fixed pilot structure. David Bushek, chief counsel for economic development and planning, said the total project cost is about $7 million and that the incentives amount to roughly 6–8% of the project cost by the city's net-present-value…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
