Largest redevelopment in Missouri ($4.5 billion/16,000 jobs) revives dead mall site

On March 9, 2016, the Kansas City, Missouri Tax Increment Financing Commission approved an agreement for Cerner Corporation’s $4.45 billion campus on the former Bannister Mall site in south Kansas City.

The office campus, the largest economic redevelopment project in Missouri, is being built in 16 phases with about $2.7 billion in private investment leveraged by public support. Cerner says the project, which broke ground in November 2014, will add up to 16,000 jobs within 10 years.

The health care information technology company has agreed to pay $2 million to a neighborhood improvement and infrastructure plan and $6 million to a Hickman Mills education, professional studies, and innovation program.

The campus plan includes 3.7 million square feet of office space, a 300,000-square-foot conference and training center, 249,000 square feet of retail, a 240,000-square-foot data center, a 170-room hotel, a medical clinic, and a day care center.

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