DST Systems is seeking a $110 million taxable revenue bond from the city to finance a major upgrade of a 30-year-old data center the firm operates in the Winchester business park off Interstate 435. Kansas City-based DST currently employs about 125 people at the data center that opened in 1985, and the revenue bond request is being framed as a job-retention initiative.
The bond would include $70 million for modernizing computer servers and other equipment at the facility, and $40 million to build a 25,000 square-foot addition to house new backup power generators. The company wants a five-year, 50 percent personal property tax break on the $70 million in equipment purchases.
Kansas City-based DST Systems provides data-processing services for a number of industries, including mutual funds and the health care field.