$414 Million Cerner Corp. Office Development Ready for Groundbreaking
- Apr 06, 2012
After several months of site preparation, the new Cerner Corp. office development is ready for its groundbreaking, according to The Kansas City Star.
Located south of State Avenue, between Village West Parkway and Interstate 435, in western Wyandotte County, the 58-acre site will feature two nine-story office towers. Gould Evans came up with the exterior design which is based on a digitalized image of human DNA, reflecting the nature of the company’s global business. Founded in 1979, North Kansas-city based Cerner is one of the world’s top healthcare software developers.
The $414 million development was approved two years ago and according to an agreement between Cerner, the state of Kansas and the Unified Government of Wandotte County and Kansas City, Kan. the company has committed to creating at least 4,000 jobs by December 2016 with an average annual salary of $54,000. In case of non-compliance the company faces up to $30.4 million in penalties.
The first building is scheduled to be completed early next year, while the entire 660,000-square-foot office development project is expected to be finalized by mid-2015.
The deal has already led to the completion of the Livestrong Sporting Park, an 18,000-seat stadium built with the help of STAR bonds. A new amateur soccer complex in western Wyandotte County, as well as several other soccer fields in Kansas City, are expected to be built in the near future.
According to The Kansas City Business Journal the agreement landed the campus $147 million in Kansas sales tax revenue bonds and $85 million in state tax credits and cash incentives.
Illustration Courtesy of: www.matthew-pauly.com