I’m lucky to be included in an email group consisting primarily of former Kansas City Star business reporters, and not much gets by them.
For example, it was a member of that group who sniffed out last week the real estate notice about the $46-million asking price for the main Star building at 1729 Grand Blvd. and the eight-story printing plant across McGee.
On the heels of that revelation, another group member alerted me to news that The Star quickly had an offer in hand for the main building, and that the prospective buyer wanted to convert the building for commercial and residential use. Neither the identify of the prospective buyer nor the agreed-upon sales price was made public.
How much that building would sell for is a matter of keen interest not just to current and former Star employees but also to people in the real estate business and even many casual observers wondering how much a block of prime real estate in the booming Crossroads District (including The Star’s iconic, three-story building) would fetch.
Leave it to another member of the email group, former business reporter David Hayes, to provide the answer. Two days after the announcement of an offer for 1729 Grand, Hayes went back to the real estate listings and found a new, separate listing for the printing plant. The CBRE listing showed a price tag of $30.1 million for the printing plant, meaning (doing the subtraction) that the offer for The Star building must have been about $16 million.
I know very little about commercial real estate, but $16 million seems like a favorable price to the buyer, who eventually will be identified. The parcel consists of an entire city block, bounded by Grand and McGee on the west and east, and 17th and 18th streets on the north and south. That is prime real estate these days, and whatever goes in there should nicely augment the Crossroads.
For many, many years the area south of Truman Road from about Broadway to Oak, was basically fallow ground. When I was working out of The Star building, it was often hard to find a place to get a decent sandwich, so we’d often track down to Crown Center, the nearest oasis.
Now, the entire area is an oasis. There are dozens of places to eat and drink, and night-time entertainment possibilities abound…It gives me no pleasure to say it, but the area will be better off without a couple of hundred employees banging around in the Star building, which now symbolizes a once-powerful institution struggling to retain its grip on relevance.
Sic transit gloria gazzetta.
**
Public votes on three major issues are coming up Tuesday, April 4. The Star has endorsed the three Kansas City questions comprising a far-reaching, general-obligation bond issue that would generate $800 million for a variety of projects, including flood control, roads and bridges, sidewalks, a new animal shelter in Swope Park and accessibility improvements to public buildings.
I agree with The Star and intend to vote “yes” on all three G.O. bond proposals.
Under state law, it takes a super majority of 57 percent to approve general obligation bonds in Missouri, and it will probably be close, even though there is no organized opposition.
The Star reported today that a telephone survey conducted Friday and Saturday showed that 62 percent of respondents said they favored the bond issues. Twenty-three percent said “no” and 15 percent said they were undecided. The survey had a margin of error of plus or minus 2.7 percentage points.
The Star also endorsed a renegade proposal for a one-eighth-cent citywide sales tax increase to spur economic development in the area bounded by Ninth Street and Gregory Boulevard on the north and south, between The Paseo and Indiana Avenue on the west and east. It would generate an estimated $8.6 million per year for 10 years.
I called this a renegade proposal because it got on the ballot by way of initiative petition — city officials didn’t initiate it — and because Mayor Sly James is openly hostile to it.
In a meeting at The Star, James said: “They (supporters) should have talked to me before they went out and got the damn initiative petition, and we could have had a conversation. But they didn’t.…I can’t support a tax I have zero idea what it’s going to be used for and controlled by zero people that I don’t know who are going to be.”
The proposal, whose supporters include leaders of the political group Freedom Inc., would place decisions for investing the money in the hands of a five-member commission. The mayor and council would appoint three commissioners, the Kansas City Public School District would appoint one, and Jackson County would appoint one.
While I agree completely that the East Side needs a lot bigger injection of public funds than it has been getting, I am very dubious about this proposal. First, I don’t like sales taxes. They are regressive because they hit hardest those least able to pay. Second, I fear graft and corruption. We already have one sales tax I don’t understand — Jackson County’s so-called COMBAT, anti-drug tax — and I’m not interested in another nebulous initiative that seems to be flying at the margins of government.
…On April 4, I recommend a “yes” vote on Kansas City Question 1, Question 2 and Question 3. But I recommend a “no” vote on Kansas City Question 4.
**
Did you hear that President Trump and EPA chief Scott Pruitt have selected a theme song for the EPA? Yep, it’s that oldie but goody by Lee Dorsey, “Working in the Coal Mine.”
Speaking on ABC’s “This Week,” Pruitt said Trump intends to bring back coal-mining jobs and reduce the cost of electricity. Never mind that renewable energy and natural gas have fast been displacing coal as a primary energy source, not only in the U.S. but worldwide. Nope, the president and Secretary Pruitt — and “My Old Kentucky Home” pal Sen. Mitch McConnell — are bound and determined to see a revival of King Coal.
They’re off their rockers, of course but, hey, they sure picked a great song to lead the way back to the golden age of black lung disease and fibrosis.
Just listen to the ache in Lee Dorsey’s voice when he sings…
Five o’clock in the mornin’
I’m already up and gone
Lord, I’m so tired
How long can this go on?
…And now, for your listening pleasure, here’s that song…











































































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