Future
In 2009 the General Services Administration announced that Zimmer Real Estate Services and CenterPoint Properties had won a bid to build a new plant adjacent to the now abandoned Richards-Gebaur Air Force Base in south Kansas City by Grandview, Missouri. Zimmer and Centerpointe already own the CenterPoint-KCS Intermodal Center across the street which is serviced by Kansas City Southern railroad. According to the plan, the PIEA will own the Land and the Project Improvements when constructed, and will lease the Project to CPZ Holding LLC (the Ground Lessee). The Ground Lessee, as sublandlord, will lease the Project to the Developer (CenterPoint Zimmer LLC). The Developer, as sub-sublandlord, will sub-sublease the Project pursuant to the GSA Lease…to the Federal Government as sub-subtenant. Upon expiration of the PIEA Lease, the Ground Lessee will own the project. HNTB Architecture would design the campus, which will consist of 1.5 million rentable square feet in manufacturing, laboratory, office and warehouse space on the northwest corner of Missouri Highway 150 and Botts Road on the north edge of Richards-Gebaur. The estimate cost of the project is $500 million to $673 million.
Since the facility is being privately built, developers propose to pay $5.2 million a year in payments in lieu of property taxes to retire the debt service on $40 million worth of public infrastructure improvements associated with the project as well as providing money to local tax agencies including the Grandview School system.
The GSA says the new facility will be much smaller than the 3,100,000-square-foot (290,000 m2) Bannister Road facility but will be more efficient. The move will involve a 30% reduction in staff.
The first occupants are scheduled for 2011 and the whole relocation is scheduled to be completed by 2013.
The project is subject to the developers getting private financing by March 31, 2010.
Read more about this topic: Kansas City Plant
Famous quotes containing the word future:
“You have too much of a life yet before you, and have shown too much of promise as an officer, for your future to be lightly surrendered.”
—Abraham Lincoln (1809–1865)
“Our Last Will and Testament, providing for the only future of which we can be reasonably certain, namely our own death, shows that the Will’s need to will is no less strong than Reason’s need to think; in both instances the mind transcends its own natural limitations, either by asking unanswerable questions or by projecting itself into a future which, for the willing subject, will never be.”
—Hannah Arendt (1906–1975)
“The normal present connects the past and the future through limitation. Contiguity results, crystallization by means of solidification. There also exists, however, a spiritual present that identifies past and future through dissolution, and this mixture is the element, the atmosphere of the poet.”
—Novalis [Friedrich Von Hardenberg] (1772–1801)