Lenexa City Center drives incentives to $78M in projects

The Lenexa City Council voted unanimously Tuesday to approve tax increment financing for two projects representing $78 million worth of new development in and adjacent to Lenexa City Center.

TIF, which diverts new tax revenue generated by a project for 20 years to cover eligible development costs, was approved for two five-story mixed-use towers southwest of 87th Street Parkway and Renner Boulevard and a residential villa project located between Lenexa City Center and the Canyon Farms Golf Club.

(Read more: Kansas City Business Journal)

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