Travis Goff/ update Phase II Gate way
-
Phase II of Booth Memorial still sound very doable , Guys really aggressive, some crazy numbers but still moving forward.
Goff gave an update about Phase II of Booth Memorial Phase II . – Talking about what Phase II would include- - - it will include a Marriot Hotel- – -Restaurants - - -Retail Stores- - -New Student Apartments - - & a 20.000 square foot Square Foot Plaza for outdoor entertainment—Plus tearing down and rebuilding the East side of the Stadium being built just like the North & West Sides.
Crazy numbers the East side is going to run North of 310 Million and bringing the total cost of the Rebuilt Stadium North of 750 Million.
Howeve the KU Developer going to invest more then 125 million which will go to contribute towards the 310 Million Phase II.
Other things that seem to be going well sounds like, Goff said talking about a couple of really incredible- - incredible donations/investments sounds like right on the cusp
Other ways they working on to contribute to cover costs are working through Municipal incentives such as the Star Bonds---- the ( TIF’s ) Tax increment financing - & CED’s ( Community Improvement District.
Sounds like things are moving very much in the right direction – They are having a Commission Meeting on May 6th I guess they discussing/voting approval of the Star Bond at that time, as for the Star Bonds to be used it has to be approved by the Commission.
Goff sai for them to met the very aggressive time line of 25-26 the next Couple of Weks- - Months are going to be very vital.
Just sounds like could be getting closer to reality to complete project - this thing is going to be MASSIVE.- -read several post from TOS where fans have said they have drove by and seen the Stadium and said posted Pics do an injustice saying the Stadium is HUGE-- - still saying capacity North some of 40,000 , sounds like more possibly like around 42,000 hope it gets done