KANSAS CITY, Mo. (AP) — Backers of a proposed biotech office park in south Kansas City are preparing to seek tax breaks for the 350-acre project.
Called Oxford on the Blue, the office park would be bigger than Sprint's headquarters or Corporate Woods in Overland Park, Kansas.
The Kansas City Star (http://bit.ly/1CdhUlR ) reports that the city's Planning, Zoning and Economic Development Committee is set to consider a property tax abatement for the project on Sept. 10. If approved, the changes would face a final vote by the Kansas City Council the next day.
Oxford on the Blue advocates say the tax break is needed to bring research firms, clinical trial facilities and similar biotech operations to the site. Others, including school district officials, question whether it would extend tax incentives too far.