Committee moves to advance TIF, CID and sales‑tax exemption talks for proposed Black & Veatch headquarters redevelopment

City staff and Black & Veatch representatives presented a conceptual plan on May 20 for the “Overland Park Plaza 2” redevelopment district that would center a new Black & Veatch world headquarters within a mixed‑use redevelopment of the College Boulevard corridor. The Finance, Administration and Economic Development Committee voted unanimously to direct staff to prepare a resolution scheduling a public hearing on creation of the district and to work with the developer on CID, TIF and economic development bond negotiations.

The developer and staff described the project as a multi‑phase, mixed‑use district. Black & Veatch’s first‑phase proposal is a new headquarters building of roughly 600,000+ square feet, surrounded by a walkable grid of public streets, structured parking, retail and a public park the company would dedicate to the city. Representatives estimated full master‑plan buildout at about $1.12 billion, with roughly 78% private investment and 22%…