Post by perry c on Dec 13, 2023 23:19:23 GMT -6
I hope this doesn't turn into arena cancellation...
Kmbc.com
UMKC hits pause on new arena proposals next to KC Streetcar extension
The university says it isn't tabling the project and plans to conduct a feasibility study in the coming months
Plans to build a new 5,000-seat arena on the University of Missouri Kansas City campus have been paused.
UMKC says the requests for proposals process to develop a five-acre parcel of land next to the south terminus of the Kansas City Streetcar extension at the corner of 51st Street and Brookside Boulevard projected higher than expected costs.
UMKC Vice Chancellor of Finance and Administration Sean Reeder says the university isn't shelving the project and plans to push forward after conducting a feasibility study in the coming months.
“We still believe the project can be feasible with revised parameters,” Reeder said in a press release from the university announcing the pause.
The new study will re-evaluate the size and programming for the proposed arena. The original plan looked to create a mixed-use development, including the arena, housing, and retail at the five-acre site.
“We have a need for improved amenities that serve our campus,” Reeder told KMBC 9 in May regarding the proposed arena.
According to the university, the original idea in the UMKC 2021 Master Plan was to put new student housing on that property before the demand for on-campus housing declined.
The streetcar extension is on track to be completed with a stop right next to the property in 2025. Reeder had hoped the project would be completed at roughly the same time as the extension.
UMKC had hoped to lease the arena so the university wouldn't have to front the money for construction.
"Based on current specifications, an analysis of the proposals showed that the proposed private development included in the plans wouldn’t generate enough revenue to cover project costs," Reeder said.
The arena would be home to both UMKC volleyball and basketball.
The current RFP will remain open while the university completes its analysis in the Spring of 2024.
Kmbc.com
UMKC hits pause on new arena proposals next to KC Streetcar extension
The university says it isn't tabling the project and plans to conduct a feasibility study in the coming months
Plans to build a new 5,000-seat arena on the University of Missouri Kansas City campus have been paused.
UMKC says the requests for proposals process to develop a five-acre parcel of land next to the south terminus of the Kansas City Streetcar extension at the corner of 51st Street and Brookside Boulevard projected higher than expected costs.
UMKC Vice Chancellor of Finance and Administration Sean Reeder says the university isn't shelving the project and plans to push forward after conducting a feasibility study in the coming months.
“We still believe the project can be feasible with revised parameters,” Reeder said in a press release from the university announcing the pause.
The new study will re-evaluate the size and programming for the proposed arena. The original plan looked to create a mixed-use development, including the arena, housing, and retail at the five-acre site.
“We have a need for improved amenities that serve our campus,” Reeder told KMBC 9 in May regarding the proposed arena.
According to the university, the original idea in the UMKC 2021 Master Plan was to put new student housing on that property before the demand for on-campus housing declined.
The streetcar extension is on track to be completed with a stop right next to the property in 2025. Reeder had hoped the project would be completed at roughly the same time as the extension.
UMKC had hoped to lease the arena so the university wouldn't have to front the money for construction.
"Based on current specifications, an analysis of the proposals showed that the proposed private development included in the plans wouldn’t generate enough revenue to cover project costs," Reeder said.
The arena would be home to both UMKC volleyball and basketball.
The current RFP will remain open while the university completes its analysis in the Spring of 2024.