Source: KANSAS CITY BUSINESS JOURNAL

RED Legacy: RED Legacy wants to reduce scope of Truman Corners makeover

RED Legacy LLC's redevelopment of the Truman Corners shopping center in Grandview will get a $12 million haircut if the city's Board of Aldermen approves an amended incentive plan now before officials. The new plan for the center, which has been renamed Truman's Marketplace, calls for shaving the total cost of the project from $87.7 million to $75.7 million while reducing the public financing portion from $39.5 million (45 percent) to $34 million (44.9 percent). The city's Tax Increment Financing…

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