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Greater Kansas City LISC is working in partnership with the City of Kansas City, Missouri (KCMO), Urban Neighborhood Initiative (UNI), Mid-America Regional Council (MARC), and the Kansas City District Council of the Urban Land Institute to redevelop Kansas City’s urban core east of Troost Avenue. This collaborative investment strategy is the result of extensive research and neighborhood engagement by the consulting team of Mosaic Urban Partners, a Washington D.C.- based real estate development and advisory services firm, and Kansas City’s DRAW Architecture + Urban Design.
Released in October 2016, the KC-CUR Implementation Strategy strives to overcome some of Kansas City’s most entrenched barriers to creating healthy markets east of Troost Avenue. The recommendations are based on the principles of focusing resources, investing in public infrastructure, leveraging multi-sector capital resources, and building up the resident population to cultivate a local, vibrant economy.
Four Priority Areas are best positioned to receive targeted attention and investment from public, private and philanthropic partners in order to have the greatest positive impact for the community. The UNI will be expanding its capacity to be the “Implementation Delivery System” for KC-CUR, which means it will build the internal talent and financial balance sheet to function as a master developer and successfully compete for local and national public funding sources. LISC, in building upon the current success of its Catalytic Urban Predevelopment Fund, will take the lead in structuring, fundraising and managing the $25-$40 million patient capital/equity fund described in the report.
Residents and colleagues currently living and/or working in the UNI area should understand that the resources being coordinated for the KC-CUR strategy are available to everyone that qualifies and meets the eligibility criteria. The four Priority Areas have been selected because they provide a compelling stage for focused, sustained investments that can have a ripple effect and strengthen the prosperity for the entire UNI. Throughout the entire duration of the research to develop the KC-CUR Implementation Strategy, intentional efforts were made to engage a broad range of residents and stakeholders in the UNI area, as well as experts from around the city.
The KC-CUR Implementation Strategy Executive Summary. This analysis was guided by five guiding principles that reflect the conditions and collective thoughts of those who live and work in the UNI.