Location & Demand Drivers • Near Kansas State Capitol • Couple blocks from downtown retail district • Strong government and professional user base • Growing residential density in downtown core Incentive Stack Potential • Neighborhood Revitalization Program (NRP) property tax rebates • Downtown TIF participation (project dependent) • Industrial Revenue Bond (IRB) potential financing and sales tax exemption • Federal Opportunity Zone designation (potential capital gains tax advantages for Qualified Opportunity Fund investors) Redevelopment Flexibility • D1 Planned Development Zoning • Supports mixed-use, office, multifamily residential, or civic-support uses Income Component • Existing parking revenue stream • Supports interim hold or phased development strategy Area Momentum • Located near approved $50M luxury mixed-use residential development (The Hutch) • Expected to enhance downtown residential, retail, and pedestrian activity