Downtown Council of KC Releases Study

KANSAS CITY, MO – According to a study released by the Downtown Council of Kansas City, there are currently projects either recently completed or planned for downtown that will total more than $2.6 billion in development and investment. Of that amount, the largest slice goes to the convention and entertainment category, which is expected to bring more than $1.2 billion to the city.

New construction for office space was valued at $971 million and office space renovation figures were just over $119 million. The only other category to go above the $100 million mark was the hotel industry, which is expected to garner about $144 million.

The study also showed that there are about 3,000 businesses operating downtown, employing nearly 90,000 people. Annual sales for downtown businesses totals $12 billion. The service industry and the government make up the largest sector of the workforce, with 43 and 16 percent, respectively.