The developer of the Market Lofts project in downtown Overland Park may be able to get some of his promised tax increment financing money restored if he meets two new deadlines designed to get his construction workers out of the way of the Farmer’s Market.
Members of the city council’s finance committee okayed a plan Wednesday that would give developer Paul Goehausen until April 15 to have the exterior work and sidewalks done. The new deadline for final completion of the project is June 1.
If he misses those deadlines, he stands to lose even more of the money he had coming from a public financing deal with the city. But if he meets them, he can get back some of the revenue he’s already lost.
(Read more: Shawnee Mission Post – Community news and events for northeast Johnson County)