RED Plan To Buy Truman Corners Advances

A $75 million proposal by RED Development to redevelop the aging Truman Corners shopping center off U.S. 71 in Grandview has been endorsed by a city development agency.The Grandview Tax Increment Financing Commission unanimously voted to recommend RED be allowed to move forward with its plan to demolish and rebuild much of the property. The Grandview Board of Aldermen is now expected to consider the RED redevelopment plan in January.

Truman Corners opened in 1957 as one of the first open-air shopping centers in the United States. In recent years, the 650,000-square-foot retail center has declined, and earlier this year city official solicited proposals to redevelop the property. The RED proposal would rename the development Truman’s Landing and seek to attract a mix of tenants similar to other projects it has done including Adams Dairy Landing in Blue Springs and Summit Woods in Lee’s Summit.

Read more here: http://www.kansascity.com/2011/12/15/3322288/red-plan-to-buy-truman-corners.html#storylink=rss#storylink=cpy

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