More developers are hoping to tap into tax incentives to build housing in De Soto near the Panasonic EV-battery plant. Rick Oddo, CEO of Lenexa-based Oddo Development Co., and Dan Taylor, president of Taylor Sterling Construction Co., have submitted an application to create a reinvestment housing incentive district (RHID) covering about 67 acres north of 89th Street and south of 83rd Street between Kill Creek Road and Waverly Road. The proposed development would abut the existing Arbor Ridge subdivision. An RHID allows a city to redirect property tax gains generated by a development to pay for eligible construction and infrastructure expenses. The developers request a 60% RHID for 25 years to support creating their mixed housing development, also called Arbor Ridge.
Source: Kansas City Business Journal
