ORDINANCE NO. 250439
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Sponsor: Councilmember Darrell Curls
Finding that the Starlight Theatre Project would be a benefit to the City and State of Missouri; authorizing the City Manager to work with Starlight Theatre to assist in the preparation of an application to the Missouri Development Finance Board ("MDFB"); authorizing an application to the MDFB for the authorization of state tax credits in an amount not to exceed $3 million to facilitate improvements at Starlight Theatre in Kansas City, Missouri; and authorizing the City Manager to execute a tax credit agreement with the MDFB for the Starlight Theatre Project.
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WHEREAS, the Starlight Theatre is managed by the Starlight Theatre Association of Kansas City, MO ("Association"); and
WHEREAS, the Association is undertaking the fundraising, financing, and management of capital improvements ("Starlight Theatre Project"), including improved access for Theatre patrons, the construction of a new production bridge, addition of a canopy covering 3,000 seats, and renovations of the kitchen, concession spaces, and restrooms; and
WHEREAS, the Starlight Theatre is a major tourist attraction, gathering patrons representing 85 percent of all zip codes within Missouri by providing access to premier entertainment, children's educational programs, special performances for school aged children, and technical training opportunities; and
WHEREAS, the Starlight Theatre Project will have a substantial benefit to both the City of Kansas City and the State of Missouri by increasing patrons from 320,000 to 394,000 annually; and
WHEREAS, the Starlight Theatre Project is estimated to increase the total direct and indirect economic output of the Theatre from $78.1 million to $91.4 million annually within the State of Missouri upon completion of the Project; and
WHEREAS, the Starlight Theatre Project is estimated to increase the total direct and indirect economic output of the Theatre ...
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