In Kansas City, developers are building a $300 million, 800-room hotel and convention center downtown. Nearby, an entrepreneur has invested $121 million to convert an aging 30-story office building into modern apartments. And the local YMCA is raising $37 million to renovate an abandoned theater into an 85,000-square-foot community center.
Those projects and dozens like them are occurring along Kansas City’s new two-mile-long streetcar line, which I helped open Friday. City leaders say the new development has injected more than $1 billion into the city’s economy since 2012, when voters approved a local tax to support streetcar service.