Kansas City’s $1.1 Billion Investment in “The Trails”

Filed under: Billionaires, Cool Ish, Kansas City Wizards

kc.jpg

Really the best news about MLS these days is in the business pages. This article gives more detail on the developments in Kansas City and their new stadium and mixed use development. Considering the wobbly credit markets and real estate slump it is interesting that so many of these projects are full steam ahead…

Pumping New Life Into the Triangle

Lane4 Property Group has embarked on an ambitious $1.1 billion plan to establish a vibrant mixed-use development in an underserved and blighted area of Kansas City.

The Trails in Kansas City is a mixed-use project that will include two office parks, retail and a soccer stadium for the Kansas City Wizards. It is still in a nascent stage, but numerous public and private entities have supported the development.

“This is the biggest project any of us ever have and probably ever will work on,” says Owen Buckley, president of Lane4 Property Group in Kansas City. “I think it will succeed because there is a lot of room for growth in this area and we want to supply a product that is not very common in Kansas City.”

Image via REJournals

Posted on Sep 4th, 2008 by  FC Uptown 

Leave your comment