Developer asks Lee's Summit for 75% tax abatement for downtown townhomes
Omni 360 Development presented a conceptual 28-unit townhome project at 4th & Green and requested a 25-year LCRA package including a 75% property-tax abatement and sales-tax exemption on construction materials; council praised design but asked for clearer public-benefit details before a formal application.
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A local developer told the Lee's Summit City Council on Aug. 4 she needs public incentives to make a downtown townhome project financially viable. Ashley Seibert of Omni 360 Development said the concept for the 0.96-acre site at 4th and Green would deliver about 28 townhome units, rear-entry garages, and a small commercial space, but "we're not asking for city dollars — we're asking for the property tax abatement" to bridge a financing gap.
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