Summary

Finance committee advances major policy and development items

Kansas CityJun 30, 20264 min read

At a glance

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The committee advanced an open records update, a risk management overhaul, a $425,000 lawsuit settlement, multiple tax increment financing actions, a receivership process for the former Federal Reserve Bank building at 925 Grand Boulevard, a stadium expansion proposal for the Kansas City Current, housing funding for families experiencing homelessness, and infrastructure support for new single-family homes in south Kansas City.

Projects mentioned

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Briarcliff West TIF Tower Properties Downtown Redevelopment River Market TIF Trident Development Main/South Loop TIF Tower Properties Downtown TIF Ballard Development Main TIF

Committees mentioned

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Finance, Governance and Public Safety Committee

Topics discussed

Budget & TaxPublic SafetyCommerceHousing

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What this means

The committee moved forward several measures that would change how the city handles public records, legal claims, redevelopment financing, and blighted properties. It also supported funding for housing assistance, roadway utility work tied to new homes, and a proposal for a stadium expansion and mixed-use development at Berkley Riverfront Park. Two police-related items were held for a later meeting, so they were not advanced on this date.

Key decisions

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Advanced an ordinance creating a new open meetings and records policy and giving the City Attorney oversight of records request fulfillment.
Advanced a revision to the City’s Risk Management Program to change committee membership and clarify the Legal Expense Fund process.
Approved settlement of Lashaunda Rowe v. City of Kansas City, Missouri for $425,000.
Approved the First Amendment to the Historic Northeast Tax Increment Financing Plan and a predevelopment agreement with Historic Northeast Lofts, LLC.
Approved termination actions for the 811 Main TIF Plan, the 1200 Main/South Loop TIF project area, the Briarcliff West TIF Plan, the River Market TIF Plan, and the Tower Properties Downtown TIF project areas.
Held an ordinance to declare certain unlicensed or unpermitted businesses nuisances per se until July 7, 2026.
Advanced a committee substitute to begin receivership proceedings for the former Federal Reserve Bank site at 925 Grand Boulevard.
Advanced a committee substitute supporting negotiations with the Kansas City Current for stadium expansion and related development at Berkley Riverfront Park, including evaluation of up to $235,000,000 in special obligation bonds.
Advanced funding for an agreement with reStart, Inc. to expand housing options for families experiencing homelessness, including $1.4 million in appropriations.
Advanced a development agreement and utility funding for new single-family housing tied to Kenneth Road improvements in south Kansas City.
Held a proposal to create a KCPD Overage Fund and a resolution on a Midtown Justice Campus until July 14, 2026.

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