Myths vs Facts
Don't be fooled by developer talking points. Here's the truth about the Plaza deal.
"The Plaza will die without this subsidy"
Country Club Plaza has thrived for 100 years without TIF. The developer purchased it for $175.6 million—if they didn't believe in its viability, they wouldn't have invested. They're now asking for $520 million in public money—3x what they paid.
Source: Purchase price verified via KC Star and Port KC Board Packet
"TIF doesn't cost taxpayers anything—it's just 'new' revenue"
TIF diverts taxes that would otherwise go to schools, libraries, and city services. Over 30 years, KCPS alone loses $188 million—that's $6 million per year that could fund 100+ teachers or critical programs.
Source: Port KC PILOT structure, Jackson County levy rates
"This will create jobs and economic growth"
There are NO clawback provisions if promised jobs don't materialize. Meanwhile, Lockton Companies is already leaving the Plaza for Leawood, taking 2,500+ jobs with them. The deal doesn't require job guarantees.
Source: Port KC Board Packet terms, Lockton departure announcements
"Other cities do this—it's standard practice"
Many cities are REFORMING or ELIMINATING TIF after decades of failures. California ended redevelopment agencies in 2012. Multiple studies show TIF often just shifts development rather than creating new growth.
Source: Show-Me Institute research, national TIF reform movement
"The Plaza is 'blighted' and needs intervention"
Missouri's blight definition is so broad that the Governor's Mansion could qualify. The Plaza is a premier destination—not a distressed area. The developer paid $175.6 million for it because it has VALUE, not blight.
Source: RSMo 99.805 blight definition, Show-Me Institute analysis
"The developer will walk away without subsidies"
This fails the 'but for' test. The developer already BOUGHT the Plaza before requesting TIF—proving they believed in the project without knowing if they'd get subsidies. If it wasn't viable, why commit $175.6 million?
Source: Timeline: Purchase closed June 2024, TIF requested after
"Schools will still get money through PILOT payments"
PILOT payments start at 5-10% of full taxes with only 1.5% increases every 2 years. With 3% inflation, payments lose half their real value by Year 30. Schools get pennies on the dollar compared to normal property taxes.
Source: Port KC PILOT escalator terms
"This is just for infrastructure—sidewalks and parking"
Infrastructure improvements primarily benefit the developer by increasing property values. The $520 million package includes significant direct financial benefits, not just public improvements. Taxpayers subsidize while the developer profits.
Source: TIF plan expenditure categories
The Bottom Line
A developer who paid $175.6 million for the Plaza is asking for $520 million in public subsidies— nearly 3x their investment.
This isn't investment—it's extraction. And Kansas City schools pay the price.
Spread the Truth
Share this page with friends, neighbors, and elected officials.
Now That You Know the Facts
Help us stop this deal. Contact your officials and join the coalition.