Kansas City could soon move to get a blighted downtown building into the hands of someone else who could pursue rehabilitation.
The City Council’s finance committee advanced a plan on Tuesday to begin the receivership process on the former Federal Reserve building, 925 Grand Blvd. The historic building was once the home of the Federal Reserve Bank of Kansas City before it moved out in 2008.
Since then, proposals for redevelopment have not panned out and the building has sat vacant for several years as it faces complaints and concerns about break-ins and its condition.
Federal Reserve Bank of Kansas City
The building’s owner, a company called Delta Quad, has also faced multiple foreclosure proceedings since 2025, and the city terminated a financing incentive agreement for the property last spring…