The developer of the historic Kansas City Power & Light Co. Building is making his pitch for tax incentives this week and, if approvals are granted, plans to begin work on the $62 million apartment project later this summer.
NorthPoint Development is seeking about $6 million in tax-increment financing assistance and a 25-year property tax abatement to help renovate the iconic skyscraper at 14th Street and Baltimore Avenue, and build a 465-space garage on the adjoining lot immediately north.
The redevelopment plan, described as the best bet to date to revive the mostly-vacant landmark, calls for renovating the 36-story tower into 220 luxury apartments and wrapping the garage with an additional 50 apartments. About 6,500 square feet of retail is planned for the ground level of the garage.