final june maincor

MainCor Overview

Main Street Corridor Development Corporation (MainCor)

Founded in 1981 as a nonprofit community development center with an emphasis on economic/business development that brings together corporations, small businesses, institutions, neighborhoods and the City.

Mission: to provide support and technical assistance to encourage effective economic development along the Main Street Corridor to create a safe, clean, inviting place for people to visit, shop, live & work.

MainCor Overview

Main Street Community Improvement District (CID) Founded in 2007, serves as a self assessed taxing

district by the property owners that goes above and beyond city-provided services such as policing and maintaining public areas.

Mission: To promote the General Welfare and Common Good through a "Clean & Safe" program as well as increase Quality of Life and promote economic development in the surrounding urban area.

Major Projects Overview

Armour Boulevard’s many high rise apartment buildings

The Hawthorne at 39th & Main, which will undergo historic renovations and add 76 market rate units on Main Street

The Park Reserve with the approximate addition of 100 condos

Union Hill Development adding residential units along with retail and office spaces

St. Paul’s Episcopal Day School’s expansion

Major Projects Overview

The Katz’s Building serves as a landmark with the possibility to be used as a gateway

Holiday Inn redevelopment into office space & boutique hotel

Crown Center’s long term plans of expansion American Century Investments purchase of the

former H&R Block building, providing land for future expansion

Possibility of future Light Rail

Successes

Hawthorn Big Bay Shell Union Hill IRS Trinity Site Children’s Center

Campus

Contract Furnishings’ Pocket Park

Conklin Fangman Gates BBQ Liberty Memorial Main Street CID Growth of Membership MAX Down Zoning

Successes

39th Street& Main (CDBG)

Midtown Marketplace Special Review District The Main Street

Corridor Land Use & Development Plan

The Main Street Streetscape Plan

Southtown TIF Federal Reserve Bank QuickTrip American Century 43rd Street & Main Major Murray Davis

Park Katz

DrillDown Highlights

Population: Crossroads is fully captured by the DrillDown

Westport area shows strong gains Drop in the Hyde Park area is due to

downzoning Average Income: Old Westport and Hyde

Park households have a significant informal economy captured by the DrillDown

DrillDown Highlights

Crossroads income is fully captured by the Drilldown

Purchasing Power: Hyde Park indicates significant gentrification – decline in population, but very high purchasing power

Old Westport is a much stronger market than the Census indicates

Avg Form al and Inform al Incom e DrillDow n 2007 & Census 2000

$67,086$76,004

$38,838

$55,482$57,326

$0

$15,000

$30,000

$45,000

$60,000

$75,000

$90,000

City D istrict 4

Cro ssroads

Old W estpo rt

Unio n H ill

Remarks

Main Street is a viable commercial market and development area.

Momentum is here and the Opportunities are building.

Such as: Density (residential) Transit

Questions?For More Information:

3215 Main Street, Suite 200 Phone:816.753.3820

Kansas City, MO 64111 Fax:816.753.3821

Diane Burnette, Executive Director dburnette@maincor.org

Dan Melton, KCUMA Coordinator

dmelton@nonprofittechnologies.com

http://www.kcuma.org