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Financial Difficulties at Power & Light Building Redevelopment

KANSAS CITY- Leasing activity starts again at Power & Light as skeptics question whether the downtown redevelopment and entertainment district will ever get off the ground.

By Judie Burkhalter | Updated on September 04, 2000

AMC Entertainment and its development partners Regents Partners of Atlanta are still trying to jump-start their redevelopment of the 70-year-old Power & Light Building. AMC proposed its $400 million centertainment project a few years ago and since then has met financial difficulties. Regents Partners continues to ask the city for extensions on finding tenants and signing leases.

“For years no one has been interested in looking at The Power & Light Building because they thought they would have to turn around and move out,” said Steve Brettell, of Grubb & Ellis/The Winbury Group. “Now with all the delays[in the redevelopment project], they are saying, let’s go ahead and move in. I have leased 60,000 square feet in there just this year, which is a huge turnaround for the building.” Power & Light is now about 70 percent occupied.

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