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Overland Park council establishes TIF district at 8036 Metcalf for mixed-use redevelopment
Summary
The Overland Park City Council voted 11-0 to pass ordinance RD 3482 establishing a tax increment financing district for a mixed-use project at 8036 Metcalf. The vote establishes the district only; a project plan, financing plan and redevelopment agreement remain to be negotiated.
The Overland Park City Council on Monday voted unanimously to establish a tax increment financing (TIF) redevelopment district at 8036 Metcalf, a mixed-use site that includes the UMB Bank building and an adjacent vacant parcel.
The vote on ordinance RD 3482 sets the boundary and legal district; it does not approve a project plan or any financing. Mayor Kurt Skoog and staff repeatedly noted that establishing the district is the first of a two-step process: tonight’s action establishes eligibility and a district…
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