Missouri historic tax credits confirmed for Kemper Arena - KCTV5

Missouri historic tax credits confirmed for Kemper Arena

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The Missouri Department of Economic Development has approved historic tax credits to help finance the redevelopment of Kemper Arena in Kansas City. (AP) The Missouri Department of Economic Development has approved historic tax credits to help finance the redevelopment of Kemper Arena in Kansas City. (AP)
KANSAS CITY, MO (AP) -

The Missouri Department of Economic Development has approved historic tax credits to help finance the redevelopment of Kemper Arena in Kansas City.

The Kansas City Star reports developer Steve Foutch said Tuesday that state and federal historic tax credits should cover about one-third of the project's estimated $39 million cost.

Kemper Arena was listed on the National Register of Historic Places last September.

The arena in the Kansas City stockyard region has been virtually unused since the Sprint Center opened in 2007.

Foutch's plan is to renovate the arena as a private regional amateur sports and entertainment center for several sports and fitness activities. He says many weekend events are booked starting next summer, with the first event scheduled for July 7-14.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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