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KCMO Growth

KCMO Growth

 
 

Kansas City, MO Is Growing Every Day

 
 
 

Kansas City International Airport (MCI)
New Single-Terminal Design, scheduled completion 2023

The new $1.5 billion Kansas City International Airport combined three terminals into a single, 1-million-square-foot, H-shaped terminal that opened February, 2023, just in time for Kansas City to host the 2023 NFL Draft. The project is the largest single infrastructure project in Kansas City’s history.


 

Kansas City Chiefs | Super bowl LIV Champions

Half of a century after their previous 1969 heights, the Kansas City Chiefs showed once again they have what it takes to be the best when they took the Super Bowl title in 2019. In addition to having positive financial impact, winning sports teams help boost the public’s happiness, confidence, and productivity.

Economically speaking, studies show having an NFL team with at least ten regular-season wins results in an increase of $100 per capita in personal income. For a Super Bowl-winning team, this increases by an additional 20 percent. The estimated local benefit of the Kansas City Chiefs franchise is upwards of $210 million in increased incomes for those in the greater metro area. The 2019 and 2022 Super Bowl wins were estimated to have increased this economic impact to upwards of $250 million each; and the recent 2023-season Super Bowl win should only increase this figure further.


Logistics Hub

Kansas City is rapidly turning into an even stronger logistics hub. With over 35 million square feet of warehouse space; the currently under-construction Kansas City International Airport; and lower highway, rail, and air congestion than the other logistics centers they compete with in Memphis, Indianapolis, and Dallas, the Greater Kansas City Metro Area recently attracted companies including Amazon, CVS Health, Overstock.com, Dollar Tree, and more to make Kansas City a major hub in their logistics operations.

Logistics Park Kansas City (LPKC) is a 1,700-acre distribution and warehouse development just southwest of downtown Kansas City. With over 7 million square feet of distribution facilities and capacity for an additional 10 million square feet, the world-class inland port continues to drive Kansas City’s growth as a logistics hub that is currently home to BNSF Railways’ LPKC Intermodal Facility (the largest rail center in the United States by tonnage).

Kansas City also has a business-friendly Foreign Trade Zone program that handles “more volume than those of Chicago, Dallas, Denver, Minneapolis, and St. Louis and [has] more available space than any other area in the country” (source). Meanwhile, MCI handles more air cargo each year than any air center in a six-state region. Automated trucking will help enable Kansas City-based distribution to reach any part of the country within 24 hours (85 percent can currently be reached within two days). And “Kansas City had the lowest vacancy rate for [industrial] construction completions” in 2019 (source). This isn’t “if you build it, they will come.” The demand is already here in Kansas City.