In addition to Grain Valley, RERC has been assisting various municipalities on similar projects across the Midwest. RERC’s analysis supported two bond issues totaling approximately $325 million for the Village West Redevelopment Area—a 1.5 million sq ft retail and entertainment project in Kansas City, Kansas. RERC also assisted the City of Manhattan, Kansas with a downtown redevelopment project, including a mix of shopping, hotel, dining, and entertainment options. The City of Manhattan issued bonds totaling approximately $71 million. As with the Village West project, RERC estimated the sales taxes generated by the proposed development, which were used to back the bond issue.
About RERC: Based in downtown Orlando and serving clients throughout Central Florida, the state of Florida and the United States, RERC is regarded as one of the most respected strategic advisory firms in the state, especially in the areas of fiscal analysis, economic development and community building. RERC has provided more than 25 years of consulting excellence on some of Central Florida’s most innovative and iconic developments. The reputation of company and staff has become synonymous with creativity, credibility, honesty and integrity in the Florida real-estate and planning communities. For more information on RERC, visit http://www.rercinc.com.