Facts & Sources
All claims are sourced to primary documents and verified reporting
Key Facts
Total subsidy package
Port KC PILOT ($309M) + TIF EATS ($211M)
Source: Port KC Board Packet, TIF Commission Agenda
Developer purchase price (June 2024)
75% discount from $660M (2016) sale price
Source: KC Star, verified purchase records
KCPS revenue loss over 30 years
61% of property tax goes to schools ($4.96 of $7.89 levy)
Source: Jackson County tax levy rates, Port KC PILOT structure
Duration of property tax exemption
19 phases with rolling 30-year clocks; last phase ends 2065
Source: Port KC Board Packet, phasing schedule
PILOT increase rate (every 2 years)
Far below 3% annual inflation = 51% real value by Year 30
Source: Port KC Board Packet, PILOT escalator terms
Plaza Value Collapse
Assessed value dropped 38% — and they still want $520M in subsidies
The Plaza's Disappearing Value
Bought for $660M in 2016, sold for $176M in 2024 — now asking for $520M in subsidies
Deal Timeline
Taubman/Macerich JV purchases Plaza for $660M
95% leased, $31M NOI (4.7% cap rate)
State Tax Commission reduces assessment by 38%
$291.8M → $179.6M assessed value
Gillon Property Group purchases for $175.6M
75% discount from 2016 sale price
First Port KC meeting - vote doesn't happen
Public pressure leads to delay
Scheduled vote pulled from agenda
Moved to December 22
163 community members attend; vote tabled
Dr. Collier testifies directly to Port KC board
Next Port KC vote expected January 2026
Date to be announced
Source Documents
Port KC Board Packet - December 22, 2025
Complete board materials including PILOT terms and bond structure
TIF Commission Agenda - November 25, 2025
Special meeting agenda with TIF plan exhibits
Port KC Board Agenda - December 15, 2025
Originally scheduled vote (pulled from agenda)
PDFs will be available for download. Request additional documents via Sunshine Law.
Have Questions?
Reach out to the coalition or file your own Sunshine Law request.