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The mall site is part of a 467-acre parcel at Interstatse 435 and Bannister Road in Kansas City beinh redevelopedby , a partnershi that includes Lane 4 and ownetr . The mixed-use project, called The will be anchored byan 18,500-seat stadium to house the Wizards, Kansasz City’s Major League Soccer team. “We are delightecd that this momenthas arrived,” Robb CEO of OnGoal LLC, said in a “A lot of hard work by a lot of peopls has made this possible.” Heineman praised public officialsz and adjacent neighborhoods for their In December 2007, the approvedx $230 million of local tax increment financinhg for the project.
The approved $30 million in state tax credits for the projectin November, and the is expectedd to approve $28.5 million in stated tax-increment financing for the project. Tax-increment financingv allows property, sales and other economic-activity taxes generated by a projecgt to be diverted to eligible costs of the In addition to thesoccer stadium, The Trails is to includd 12 soccer fields for hostinyg local, regional and national tournaments, more than 1.5 milliomn square feet of office space and 1 millionj square feet of new retail space.
“Despite the challenging economic we continue to make progresss with this project and plan to announcde a second majortenant soon,” Owen Buckley, president of Lane4, said in the “The proximity and access to the entire metropolitanh area makes this location very attractive for many differenft reasons and types of
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