Assuming this is correct it appears a good swath of land is already not contributing much to tax revenues anyways:
https://dashboards.mysidewalk.com/state-of-the-downtown-kcmo/tax-revenueObviously not as much as EV would be, but also that isn't non zero loss.
Honestly I think knowing my own arrangements. and a ton of other areas down in the KC area, many tax abatements are coming to and end 2028-2030, and they probably think they'll recoup that (and more). Hell they are making more cause of streetcar and people flocking in.
IMO to say it's a giant handover of tax revenue to the city based on that is not great but not some doom and gloom. Also most of those businesses I suspect in the area are due to have said rise in taxes in the coming years are abatements lapse, and that might hurt businesses Royals or no.
Just trying to bring some info from this, cause honestly thinking about it this morning in the shower, and really my entire exercise in buying a place so recently it seems like every damn property you can get in downtown in tax abated, till 2030 ish. Not saying this is right, not saying we the taxpayers are should foot said bill, but I think that's the logic the city is seeing is these abatements lapse, revenue bouncing back up to cover any loss in a property area that currently 1/3 of it is providing $0, and the businesses around that one way or another have revenues spike cause of abatement lapses. I just think city sees it as money in, money out and a parcel of land going to zero gets make up elsewhere in all the cuts it gave elsewhere gong away in time. my