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The Crossing Apartment Complex Vote | Kansas City News
Description
A major new apartment complex called “The Crossing” is set to transform West Campus near KU Innovation Park, offering 341 market-rate units designed to attract top research talent. Developers are seeking a $50 million industrial revenue bond and a sales tax exemption on construction materials — a move that would cost the city about $208K in lost tax revenue but bring in a $90K fee. While the city won’t bear the debt, it’ll miss out on sales tax, but the project could accelerate infrastructure reimbursements through its Tax Increment Financing district. With housing demand rising in Lawrence, this development could fill a critical gap — and the City Commission votes on it next week.
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