The property is located within a federally recognized Transit-Oriented Development (TOD) corridor and is eligible for powerful financial incentives through the KC Area Transportation Authority’s (KCATA) Sustaining Transportation and Reinvesting Together (START) Bond Program, which is an exclusive tool available only to select development sites along Kansas City’s streetcar and bus rapid transit networks. The START program is designed to encourage high-density, mixed-use development along key transit corridors by leveraging KCATA’s tax-exempt status and federal funding channels. Key Benefits for Developers: Sales Tax Exemption on Construction Materials. By utilizing KCATA’s tax-exempt bond structure, developers receive an exemption from state and local sales taxes on all construction materials—delivering substantial upfront cost savings and improving project cash flow from day one. Property Tax Exemption (with Payment Structure). During the bond term, KCATA retains title to the property, meaning it is exempt from traditional real estate taxes. Instead, developers make a negotiated “progress payment”—often resulting in a significantly reduced annual expense. Exemptions typically range from 10 years at 50% to 20+ years at 75% tax relief. Access to Federal Grant & Earmark Support. START projects gain access to KCATA’s federal grants department, which supports developers in securing earmarks and competitive grant funding during the life of the bond. This unique public-partnership can unlock millions in additional capital.
