Kansas City OKs next phase of East Village project - Kansas City Business Journal:

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The East Village plan calls for the transformation of nine blockw of scattered buildings and surface parkingon Downtown’s east side into a mixed-uswe neighborhood anchored by ’s new $60 million corporater headquarters. A notice issued by Kansass City’s , a division of the city manager’d office, calls for the $1.6 million acquisition, remediatio n and demolition of theReStartf building. The work, to be performed or subcontractecdby Co., is expected to begihn later this month and be completed by late spring or early summer. It will necessitatew closing one lane of 11th Street betweemn Holmes andCherry streets.
“We are very excited to see this projecrmoving forward,” City Manager Wayned Cauthen said in a release. “This demolition will open up valuabl property and allow the East Village project to continue to progresas and improve the aesthetics and economics ofthe area.” Remediation and demolition of another building in the East Villagse area, the former bus terminal at 11th and Holmeds streets, is scheduled to begin in the fall.
In the city agreed to pay $5 million to buy the longtimee downtown eyesore from The bus terminal parcell is part ofa two-block site in the running for a proposerd new federal office building that woulcd house more than 1,000 employees of the and the . The city bought the bus terminal with bonds to be repaid with tax revenuew generated by the EastVillaged project. Of $31.2 million in tax-increment financing approvedf forEast Village, $12 milliobn was earmarked for buying and cleaningf up blighted properties in the nine-block area.