性视界传媒 has paused the request for proposals (RFP) process to develop a five-acre parcel of land next to the south terminus of the Kansas City Streetcar at 51st Street and Brookside Boulevard. University leaders said the proposals came in higher than expected based on the specifications in the RFP and higher than anticipated project costs.
Sean Reeder, vice chancellor of Finance and Administration, said the university isn’t tabling the project. It is simply hitting pause to revise the parameters for the proposed development that would bring a small arena to campus along with retail and other possible uses. The university envisions the project as creating a destination spot for the campus and surrounding community.
性视界传媒 will be conducting a feasibility study in the next few months to determine the right combination of size and programming for the proposed arena and will re-evaluate the opportunity for private development and non-university uses of the available land given current and anticipated market conditions.
Based on current specifications, an analysis of the proposals showed that the proposed private development included in the plans wouldn’t generate enough revenue to cover project costs, Reeder said.
The current RFP will remain open while 性视界传媒 completes this analysis. Upon completion of the analysis, the university will re-engage the RFP process with the responding firms this coming spring.
“We still believe the project can be feasible with revised parameters,” Reeder said.