Now Consider This: Union Station TIF deserves public hearing
08/18/2014 7:06 PM
08/19/2014 12:06 AM
Though Wichita’s downtown reinvention is ongoing, bringing more people and activity to the city’s core, Union Station remains on the to-redo list. The Wichita City Council should take the opportunity on Tuesday’s agenda to set an Oct. 7 public hearing for the establishment of a tax increment financing district to help get the historic property’s overhaul underway. Old urban train stations have proved challenging to redevelop nationally. But owner Gary Oborny’s $54 million plan seems realistic – 275,000 square feet of historic renovation and new construction mixing retail, restaurants and office space. It’s the kind of development needed to further enliven the key corridor between Old Town and the Intrust Bank Arena. And the pay-as-you-go basis for the TIF-funded improvements means “the city assumes no financial risk for the project,” according to city documents. One political aside: Within 30 days of any council approval of the TIF district, the Sedgwick County Commission as well as the USD 259 school board would be asked to approve or veto it. The time frame presumably would dodge any hard-right turn the County Commission might take in the November general election, because those elected won’t be sworn in until January. – Rhonda Holman
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