Unified Government of Wyandotte County and Kansas City, Kansas Agenda June 2025
Sauer Castle Approved for 75% NRA Tax Rebate
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Description
Wyandotte County/Kansas City, Kansas approved a Neighborhood Revitalization Act Special Project for Sauer Castle, LLC. The $11.5 million project will receive up to a 75% tax increment rebate for 20 years based on rehabilitation and historic designation compliance. The renovated property will serve as a community event space.
Contract Details
Contract Amount
Up to $11,500,000 in improvements eligible (project cost)
Vendor
SAUER CASTLE LLC
Agency
Wyandotte County, KS
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2025
Contract Term
Up to 20 years (NRA rebate term); 75% rebate on incremental taxes; resolution effective upon commission approval in June 2025
Renewal Date
2045-06-30
Renewal Info
Maximum 20-year term for rebate, provided project completion and compliance; eligibility contingent on maintaining tax status current. Policy sets a 75% rebate on the property tax increment generated by improvements.
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