Developer seeks tax incentives to turn vacant Taco Bell into a driving Chipotle

MERRIAM, Kan. – After being vacant for the past six years, the old Taco Bell building on Shawnee Mission Parkway could soon be upgraded to a Chipotle.

Monday, the Merriam City Council will consider updating the I-35 Redevelopment to include a redevelopment at 8800 Shawnee Mission Parkway.

Proposed expansion of the I-35 Redevelopment Zone

Developer Block and Company intends to buy and demolish part of the former Taco Bell building to make way for a new Chipotle restaurant with a drive-through system.

The developer estimates it will cost about $3.7 million to complete the project. Block is asking the city to allocate Tax Increase Grants (TIFs) to help cover the cost of redevelopment of a property, but the council will need to add more property to the redevelopment before it can issue any any tax incentives.

Based on a financial analysis conducted by Columbia Capital, the project is eligible for a TIF of up to $1.5 million, but the plan limits TIF usage to $300,000.

According to Columbia Capital and a filing from the Kansas Secretary of State, the former developer is no longer doing well, but as of November 23, 2021, is in the process of being reinstated.

Following Monday’s council discussion, the Merriam Planning Commission will review the project site plan for the proposed Chipotle site next month. The city council will also discuss holding a public hearing on January 24 to review the 8800 Shawnee Mission Parkway Redevelopment Plan.

https://fox4kc.com/news/developer-seeks-tax-incentives-to-turn-vacant-taco-bell-into-drive-thru-chipotle/ Developer seeks tax incentives to turn vacant Taco Bell into a driving Chipotle


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