Subsidized development in Waldo has 296 new apartments but no affordable housing

At a meeting with the developer, neighbors generally said that they’re happy to see more housing in Waldo, but they’re concerned about the 75% tax break.

by Josh Merchant on September 29, 2022 in The Kansas City Beacon

Residents of Kansas City’s Waldo neighborhood may soon see changes along a popular commercial strip, where the Kansas City Area Transportation Authority has approved tax incentives for an apartment development at 74th Street and Broadway.

The six-story project, called Waldo74Broadway, is expected to contain 296 apartment units as well as a new location for The Well, a restaurant known for its rooftop dining area. As proposed, it will not set aside any units as affordable housing, and its developer, EPC Real Estate Group, will receive a 75% tax exemption for the project for 20 years.

The project will take up most of the city block bordered by Broadway to the west, Wyandotte Street to the east, 74th Street to the north and 74th Terrace to the south.

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