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Lenexa council approves amended TIF, CID and IRB actions for 87 Renner mixed-use project
Summary
The Lenexa City Council approved a set of amendments and authorizations for the 87 Renner mixed‑use development, including an amended TIF project plan, amended DDAs, a community improvement district (CID) agreement, and a resolution of intent to issue about $57 million in industrial revenue bonds (IRBs).
The Lenexa City Council voted to approve multiple amendments and authorizations to support the 87 Renner Boulevard mixed‑use project at the northeast corner of Renner and 80th Street.
Sean McLaughlin, the city attorney, told the council the project dates to about 2018 and has passed through multiple developers. He described the current plan as a mixed‑use development with approximately 215 multifamily units across two buildings and about 10,000 square feet of ground‑floor commercial and retail space. McLaughlin summarized the financial incentives before the council: a TIF…
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