FINANCIAL_SERVICESPENDING

Federal Realty Seeks CID Financing for Town Center Redevelopment

Leawood officials received Federal Realty OP LP’s proposal for a roughly $59.8 million Town Center Plaza redevelopment. Federal Realty is seeking approximately $35.6 million in CID-generated revenue over up to 22 years through a proposed 1.0% sales-tax increment to reimburse eligible improvements.

Document date · September 21, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Approximately $35.6 million in requested CID-generated revenue over 22 years; approximately $59.8 million total redevelopment project cost
Contract type
FINANCIAL_SERVICES
Contract term
Up to 22 years, or until the agreed-upon CID revenue has been generated
Renewal date
2049-12-31
Renewal
Proposed CID sales tax would expire when approved and verified project costs are paid or no later than 22 years after state tax collection begins, whichever occurs first. A development agreement would be required before or simultaneously with CID creation.
Document type
AgendaPacket
Source document
Leawood AgendaPacket Town Center Plaza Redevelopment and CID Request 2026-09-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Leawood?

Federal Realty Op Lp was awarded this financial services contract by City of Leawood, as recorded on September 21, 2026. The contract value is Approximately $35.6 million in requested CID-generated revenue over 22 years; approximately $59.8 million total redevelopment project cost.

How much is the Federal Realty Op Lp contract with City of Leawood worth?

The Federal Realty Op Lp contract with City of Leawood is valued at Approximately $35.6 million in requested CID-generated revenue over 22 years; approximately $59.8 million total redevelopment project cost, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Leawood AgendaPacket Town Center Plaza Redevelopment and CID Request 2026-09-21 (AgendaPacket), dated September 21, 2026 from City of Leawood. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Federal Realty Op Lp hold?

Federal Realty Op Lp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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