Latest news with #Aspiria
Yahoo
10-06-2025
- Business
- Yahoo
Potential Royals move to Kansas sparks mixed reaction in Overland Park
OVERLAND PARK, Kan. — With the future of a new Royals stadium in Missouri still uncertain, Kansas may be stepping up to the plate. FOX4 has learned the Royals are now eyeing the former Sprint campus—now known as Aspiria—as a possible site for a new stadium. The by a business affiliate connected to the team. Kansas City gearing up to host six matches of the 2026 FIFA World Cup But while some fans are excited by the idea, not everyone is ready to crown this location as a home run. Jesse Rodriguez, who works at Guitar Center, is chief among the skeptics, but for good reason. 'Taking away land from businesses and the lack of notice,' he said. Rodriguez also works in the Crossroads District and says he saw firsthand how the Royals' previous . 'We're kind of in the middle of Johnson County, so that can be hard to manage traffic flow, movement, people getting there, hotels that they'll need. I think we need to incentivize stadiums in our cities or our states, but I don't think we need to be walked over,' he said. Download WDAF+ for Roku, Fire TV, Apple TV Former Overland Park councilman and current mayoral candidate Dr. Faris Farassati says many residents he's heard from are not on board. 'The area's design was never intended to accommodate such development,' Farassati said. 'It's noteworthy that while the city is gathering feedback on a new logo, there appears to be no attempt to gauge public interest in placing a stadium in this corridor.' Another current council member echoed that concern, telling FOX4 the city would need major infrastructure improvements in and around the area—including traffic systems and housing support—before anything could move forward. Cherrie Duensing, owner of Best Regards Bakery, located across the street from Aspiria, said she'd love to see the Royals make the move—when there is a clear plan. 'We're big Kansas City fans,' she said. 'But if they could be as clear as possible—what kind of timeline we're looking at, letting us know about possible detours or construction—that would help.' FOX4 reached out to the City of Overland Park with several questions. In response, Mayor Curt Skoog said 'Overland Park is supportive of our hometown teams. We know the Chiefs and Royals belong in the Kansas City region and will do everything in our power to keep them here.' Download the FOX4 News app on iPhone and Android Stay with FOX4 for continuing coverage as this story develops—on air and online. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
29-05-2025
- Business
- Yahoo
Kansas City Royals confirm affiliate bought Aspiria campus mortgage in Overland Park
The Kansas City Royals confirmed Wednesday that an affiliate purchased the mortgage on the Aspiria campus in Overland Park. The news, first reported by The Kansas City Business Journal, was confirmed by the team in a statement Wednesday afternoon. However, the statement also says the team has not selected a stadium location.
Yahoo
29-05-2025
- General
- Yahoo
Overland Park police ask for public's help identifying man hit by car on I-435
KANSAS CITY, Mo. — Overland Park police are asking for the public's help identifying a man who was seriously hurt after being hit by a car Wednesday on Interstate 435. On Wednesday, May 28, around 11:32 a.m., the Overland Park Police Department said officers responded to a crash on I-435 East at Antioch Road. Royals' affiliate buys Overland Park Aspiria campus' mortgage Police said a man was walking north across I-435 from the Antioch Road on-ramp. As he was crossing the highway, police said he was hit by a car. The man was taken to the hospital with serious injuries, according to police. Since he did not have identification on him, police are asking for the public's help identifying the man. According to police, the man is Asian and between the age of 25 and 35. Anyone with information is asked to call the Overland Park Traffic Unit at 913-327-6731. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Bloomberg
27-05-2025
- Business
- Bloomberg
Office-Bond Bet Gone Wrong Deals Lord Abbett a $60 Million Blow
Lord Abbett & Co. was dealt a more than $60 million blow on a commercial mortgage-backed security tied to an office campus in suburban Kansas City, after the underlying loan was sold at a steep discount. The money manager owned the vast majority of the $233 million CMBS, which was backed by the mortgage on the Aspiria office campus, formerly the headquarters of telecom giant Sprint Corp. The riskiest portion of the securitization, with a face value of more than $65 million, was wiped out earlier this month after the loan's sale left just $164 million to distribute to creditors, according to the latest monthly remittance report.
Yahoo
21-05-2025
- Business
- Yahoo
Black and Veatch plans new $1.1 billion headquarters development
OVERLAND PARK, Kan. — Overland Park based Black and Veatch wants to build a new world headquarters on its existing property near 112th and Lamar. But its plan adds more than just office $1.1 billion project would also bring in residential, retail and a hotel. But they are looking for Overland Park's help to finance the project. American Airlines add flights to KCI after Chiefs schedule is released The finance committee will hear the engineering giant's pitch this week on why it should get about $250 million in funding support. Mayor Curt Skoog is excited about the potential redevelopment. Just north of Sprint's former world headquarters, now Aspiria and soon to be the home to Fiserv, Black and Veatch's towering building sits on a sprawling site surrounded by grassland and parking, 'This is one of our strategic investment areas where we are wanting to transform College Boulevard from the suburban office corridor that is today to the work place of today and tomorrow,' Skoog said. After three years of discussions, according to the mayor, Black and Veatch has decided it wants to keep its headquarters on Lamar between 112th and 115th Street. The engineering firm said in a statement 'Black & Veatch continually explores ways to enhance and optimize our workplaces to create vibrant, collaborative environments that attract and retain top talent while meeting our growing demands and our clients' evolving needs. That includes consideration of a new, modern global headquarters currently being proposed on our existing, longstanding Overland Park location. We are working with the city of Overland Park for approval requirements, which is part of the process as we strategize how to best enhance our workplace. While no formal decisions have been made, we've been a strong, grateful member of the Kansas City-area business community since our founding more than a century ago, and we certainly don't expect that to change.' It plans to build a 610, 000 headquarters for its 2,200 employees. They'd also add 233,00 square feet of office space, 550,000 square feet of retail and commercial, 1,884 residential unit and a 160 room hotel. They would also build a parking structure with nearly 6,000 spaces. The company is asking the city to create a redevelopment district which would create an estimated $227 million in TIF funding and about $20 million in CID funding for Black and Veatch to use on the project. FOX4 Newsletters: Sign up for daily forecasts and Joe's Weather Blog in your inbox 'When all of the complete project is done, which is more than the Black and Veatch headquarters, you are talking about over a billion dollars of investment, which is great for our community and investment in our industry which is office space.' Overland Park's Finance, Administration and Economic Development Committee will discuss the project Wednesday. If approved developers estimate they'd be building what's been deemed the Overland Park Plaza II Redevelopment Project in phases all the way until the year 2038. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Sign in to access your portfolio
