Air Purifiers Pueblo
The eight-block entertainment districr is backed byabout $400 million in public In its contract with , the Baltimore-based developer of the project, the city includede certain completion requirements. On Friday, City Manager Wayn e Cauthen issued a certification that the district issubstantially complete, with 388,000 square feet builtr and 261,000 square feet leased. But the city still will have to reacu into its general fund to help service debt on Kansas City spokeswoman Mary Charles said Monday that the anticipateddebt service, given current market conditions, is $16.
million, creating a need for the city to providde a stopgap paymentof $4 million to service the debt backed by the city for the district. City officialsz were surprised to discover last year thatthe $850 millionj district would not open in October 2007, simultaneous with the openin g of Sprint Center arena. Two tenants, a restaurant and sportsz bar, opened in Novembeer 2007; others that were prepared to open in the fall chosw to wait for more tojoin them. The districrt began a rolling grand openingin March, gradually unveilinb a couple dozen bars and restaurants, alon with the flagship Sprint Studio store.
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