Maria Di Bianca/Missouri Business Alert

KC Council committee pushes Power & Light developer for affordable housing

A Kansas City Council committee wants to require Cordish Companies, the Baltimore-based developer of the city’s Power & Light District, to include 15 percent affordable housing in future downtown apartment projects.

A resolution passed Monday by a council committee directs City Manager Troy Schulte to renegotiate a contract with the developer. It also asks for some units that come open in Cordish’s existing One Light and Two Light luxury apartments to be set aside for residents making at or below the city’s median wage.

The resolution is a response to the Council’s concerns about a 2004 deal between the city and Cordish that provided big subsidies for high-rise apartments. The city’s total investment to date is estimated at $57 million, according to Councilwoman Alissia Canady.

Mayor Sly James voiced opposition to retroactively amending the agreement, saying it hurts the city’s reputation as a business partner.

Read more: Kansas City Star

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