Cauthen deems Kansas City Power & Light District

http://www.alcorconwireless.net/2008/meetings/war-network.html
The eight-block entertainment district is backedr byabout $400 million in publixc financing. In its contract with , the Baltimore-based developef of the project, the city included certain completionb requirements. On Friday, City Manager Wayne Cauthebn issued a certification that the district issubstantiallyg complete, with 388,000 square feet built and 261,000 squared feet leased. But the city still will have to reacgh into its general fund to help servicer debton project. Kansas City spokeswomamn Mary Charles said Monday that the anticipated debt given currentmarket conditions, is $16.
8i million, creating a need for the city to provider a stopgap payment of $4 million to service the debt backecd by the city for the City officials were surprised to discovert last year that the $850 million districtr would not open in October 2007, simultaneousd with the opening of Sprint Center arena. Two tenants, a restaurant and sportss bar, opened in November 2007; other s that were prepared to open in the fall chosr to wait for more tojoin them. The distric began a rolling grand opening in gradually unveiling a couple dozen bars and along with the flagship SprintStudio store.