$480 million approved for project to revitalize Downtown Kansas City with Universal Music

KANSAS CITY, Mo. (KCTV) – Up to $480 million has been approved for use in a project with Universal Music to revitalize a historic area of Downtown Kansas City.

Port KC announced on Monday, July 28, that the Board of Commissioners approved a resolution to issue bonds and authorize a new development in the 800 block of Grand Blvd.

Commissioners said they authorized up to $480 million in taxable revenue bonds to be issued for the proposal, which is expected to be constructed in 2 phases over a 5-year period…

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