Title
Public Hearing: Amended 1601 SE Hamblen Road, LLC LCRA Redevelopment Plan, for relocation and expansion of industrial facilities; T&W Steel Co., Inc., applicant
Body
Issue/Request:
This is an incentive request pursuant to the City's Economic Development Incentive Policy for the request by the parent company T&W Steel Company, Inc. (“T&W Steel”) which operates the facility at 1612 SW Jefferson Street, and which has formed the special purpose entity named 1601 SE Hamblen Road, LLC (the “Developer” or the “Company”), for proposed facility relocation and expansion on approximately 28.5 acres of property in Lee’s Summit for a 73,300 square foot industrial facility at 1601 SE Hamblen Road. A previous request came before the LCRA Board on January 22, 2025, for a 53,600 square foot industrial facility. Since then, Developer has identified the need to further expand their facility to 73,300 square feet. Accordingly, the change in size of the original facility is a substantial modification to Developer’s original incentive request, and an amended LCRA Redevelopment Plan is before the LCRA Board for review. The incentive request includes two components as discussed below.
Key Issues:
Evaluation of the use of incentives through the Land Clearance for Redevelopment Authority Act (LCRA Act) set forth at Section 99.300, et seq. of the Revised Statutes of Missouri, to induce retention and expansion for the Company in a new location. The Company indicates it would sell the current facility at 1612 SW Jefferson Street.
Background:
The proposed LCRA Redevelopment Plan provides for the design, development, and construction of one (1) approximately 73,300 square feet industrial building, along with all associated onsite and offsite sitework and infrastructure, including, without limitation, utilities, stormwater management, street/drive and parking improvements, and landscaping, all of which will be located at 1601 SE Hamblen Rd in Lee’s Summit, Missouri.
Developer is ...
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