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Saul Good 07-19-2010 11:52 AM

Quote:

Originally Posted by Mojo Jojo (Post 6887438)
I think almost everyone wanted development downtown. The problems from day one were:
The way the development was to be financed and the payback period. Most people didn't believe those were realistic numbers and time line, at guess what those people were right.
The city brought in Cordish, a company that has a history of going over budget and not meeting deadlines on these type of projects. Guess what; they went over budget and didn't meet the promised opening date.
Most people are just upset at the way this has been handled from day one...typical KCMO.

The next big hurdle will be in about two years when the first set of leases come up...how many will renew and how much turnover will happen. This is currently going on at the Legends...many companies couldn't afford to renew leases and there are several available store fronts. In fact the Legends is now repositioning themselves as an outlet shopping area.

I was at Legends yesterday and didn't notice any vacancies. Haven't they always been outlet stores? How is that different?

P&L is great for the city. It gives people somewhere to go besides the plaza. In 10 years, nobody's going to remember that it opened late, but it will still be one of the top entertainment districts in the country.

If you want to bitch about KC, go with the schools or the stadiums or the airport or the roads or the city council. Legends and P&L are two of the biggest successes the city has ever had.

jiveturkey 07-19-2010 12:02 PM

Quote:

Originally Posted by Saul Good (Post 6887683)
I was at Legends yesterday and didn't notice any vacancies. Haven't they always been outlet stores? How is that different?

P&L is great for the city. It gives people somewhere to go besides the plaza. In 10 years, nobody's going to remember that it opened late, but it will still be one of the top entertainment districts in the country.

If you want to bitch about KC, go with the schools or the stadiums or the airport or the roads or the city council. Legends and P&L are two of the biggest successes the city has ever had.

I too thought that the Legends was an outlet mall.

That area could use more office complexes and housing. I've heard that they have staffing problems due to the fact that there aren't a lot of people that live out in that area. The restaurants have had some turnover in that area as well, which was due to a lack of lunch biz.

I still think it's a great development and the new stadium and casino will only help.

KCUnited 07-19-2010 12:08 PM

I saw back to back store vacancies at Legends 2 weeks ago and even commented to my wife about it.

|Zach| 07-19-2010 12:32 PM

Quote:

Originally Posted by Chief Henry (Post 6887579)
Whitlock will be on it fast...

Do you actually read his columns lately. It might mess up your knee jerk view of the world.

Mojo Jojo 07-19-2010 12:47 PM

Quote:

Originally Posted by Saul Good (Post 6887683)
I was at Legends yesterday and didn't notice any vacancies. Haven't they always been outlet stores? How is that different?

P&L is great for the city. It gives people somewhere to go besides the plaza. In 10 years, nobody's going to remember that it opened late, but it will still be one of the top entertainment districts in the country.

If you want to bitch about KC, go with the schools or the stadiums or the airport or the roads or the city council. Legends and P&L are two of the biggest successes the city has ever had.

I don't think you understand what I said. As for The Legends...it started as part outlet/part retail and the business plan was to limit the outlet side. When the leases started expiring many of retail spots didn't or couldn't re-up, so there has been a lot of turnover at the Legends...hence the change in plans to go after more outlet stores. I'm not calling The Legends a failure in fact that developer was able to payoff obligations early unlike Cordish who is asking for more money.
If you know anything about Cordish you will understand that in three years there will be a fair amount of turnover in the P&L, and new clients will need to come in to fill those spots. It is their track record. I just pointed out that hiring Cordish was a big mistake by KCMO. While many will forget that it didn't open on time KCMO tax payers are going to remember for a long time that the project went way over budget and no one was held accountable. On the flip side KCMO teaming up with AEG was/is a great partnership.
I like the Legends. I go there often. P&L not really my scene at night, but it was fun during the Big XII Tourney and the World Cup.

Titty Meat 07-19-2010 01:14 PM

Quote:

Originally Posted by Deberg_1990 (Post 6887421)
Would anyone really prefer blocks of crumbling old buildings and parking lots to a nice entertainment area and arena? Some of you guys kill me.

A downtown stadiumn would have been much better.

Mojo Jojo 07-19-2010 01:40 PM

Quote:

Originally Posted by billay (Post 6887818)
A downtown stadiumn would have been much better.

A downtown Stadium would have been nice, but you will still need to build/create a taxpayer funded entertainment area. If you look at the downtown stadiums with strong development around the stadium...all taxpayer funded such as St. Louis and Baltimore.

|Zach| 07-19-2010 01:45 PM

Quote:

Originally Posted by Mojo Jojo (Post 6887872)
A downtown Stadium would have been nice, but you will still need to build/create a taxpayer funded entertainment area. If you look at the downtown stadiums with strong development around the stadium...all taxpayer funded such as St. Louis and Baltimore.

You mean the Cordish development right by the stadiums in Baltimore?

http://www.powerplantlive.com/

kcchiefsus 07-19-2010 01:45 PM

Quote:

Originally Posted by RedNeckRaider (Post 6887208)
I guess it is the want to be "seen there thing" but paying ten bucks for a drink is rather steep for me. Put me down on the "not wanting to be seen there" list :)

Your not paying $7 a drink if you get a beer or a well drink. You can get any of those for $4 a drink. Sure its more than I would prefer to spend but it isn't $10 a drink.

Mojo Jojo 07-19-2010 02:00 PM

Quote:

Originally Posted by |Zach| (Post 6887877)
You mean the Cordish development right by the stadiums in Baltimore?

http://www.powerplantlive.com/

Yes, and Cordish also did a lot of the development in the inner harbor back in the day. That is how they made their name...they are a Baltimore company. I don't know how often you go to Baltimore, but I am there two or three times a year, and the turnover in the inner harbor is unbelievable. Outside of the ESPN Zone and a couple of other restaurants I don't think many originals are still there.

Titty Meat 07-19-2010 02:23 PM

Quote:

Originally Posted by |Zach| (Post 6887877)
You mean the Cordish development right by the stadiums in Baltimore?

http://www.powerplantlive.com/

Hey Zach hows the KC economy doing? Are you going to argue that Cordish hasnt hurt the KC economy? Westport says whats up.

|Zach| 07-19-2010 02:33 PM

Quote:

Originally Posted by billay (Post 6887943)
Hey Zach hows the KC economy doing? Are you going to argue that Cordish hasnt hurt the KC economy? Westport says whats up.

Westport, another place there are tons of people at every time I go that way. Kelly's has been hurt pretty bad. But they do fine during peak times and always do really well during the fall after football games and what not. That deck new deck they have is awesome...

McCoys...Foundry...always people there.

My favorite place Harry's...always people there...

The area does well for itself during lunch.

I would say the hardest hit by P+L is 810 Zone. Even with some places hardest hit...the death of a lot of Kansas City places has been greatly exaggerated.

Grinders...does great business still...

The Phoenix...great business its packed even when they charge for music...

Iowanian 07-19-2010 02:43 PM

Quote:

Originally Posted by billay (Post 6886833)
Yup so much money that it needs subsidies from the city. Reading is your friend.


How much is the city bringing in with sales tax on concerts, food and drinks in the area, in addition to property taxes on those facilities in P&L, and other ancillary income from fuel tax, hotel tax, permits, parking tickets etc?

Mojo Jojo 07-19-2010 02:49 PM

Quote:

Originally Posted by |Zach| (Post 6887967)
Westport, another place there are tons of people at every time I go that way. Kelly's has been hurt pretty bad. But they do fine during peak times and always do really well during the fall after football games and what not. That deck new deck they have is awesome...

McCoys...Foundry...always people there.

My favorite place Harry's...always people there...

The area does well for itself during lunch.

I would say the hardest hit by P+L is 810 Zone. Even with some places hardest hit...the death of a lot of Kansas City places has been greatly exaggerated.

Grinders...does great business still...

The Phoenix...great business its packed even when they charge for music...

The difference is that the places you list have built businesses on their own...they were not subsidized by tax payer dollars for start up. I think that a lot of local businesses resent losing money to the city's publicly funded pet project.

Titty Meat 07-19-2010 02:51 PM

Quote:

Originally Posted by |Zach| (Post 6887967)
Westport, another place there are tons of people at every time I go that way. Kelly's has been hurt pretty bad. But they do fine during peak times and always do really well during the fall after football games and what not. That deck new deck they have is awesome...

McCoys...Foundry...always people there.

My favorite place Harry's...always people there...

The area does well for itself during lunch.

I would say the hardest hit by P+L is 810 Zone. Even with some places hardest hit...the death of a lot of Kansas City places has been greatly exaggerated.

Grinders...does great business still...

The Phoenix...great business its packed even when they charge for music...

You listed 3 bars in Westport out of how many? A place like Barleys closed because of PNL. The point is there were a handful of other bar districts PNL wasn't nessecary at all and the long term sustainability is questionable.


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