Whether it eventually becomes the site of a new senior citizen apartment complex or not, the old Neff printing building in Mission is headed for demolition. The building is expected to come down early next year.
The Mission City Council approved a contract to demolish the building at a cost of $88,565, which includes asbestos removal. The bid was considerably below the $110,000 the city had budgeted to tear down the building. Brinshore Development, the company that wants to build the senior apartments, will put up 50 percent of the demolition costs right away. If the apartment plan works and Brinshore buys the land from the city, then Brinshore will assume the total cost of the demolition. If the plan fails, Brinshore will still pay 25 percent of the demolition costs.
The biggest sticking point in the apartment plan is Brinshore getting Low Income Housing Tax Credits from the Kansas Housing Resource Corporation. The financing of the apartment complex is dependent on that award and last year Brinshore’s application fell just short of being funded. The company will apply again in 2015.
The project, which includes 32 affordable senior apartments, also is relying on tax increment financing (TIF) in the financing. The city council Wednesday also approved the creation of a TIF district that covers the property, the first step to actually approving TIF funding.
The city already has an agreement to sell the property to Brinshore for $283,500. The city purchased the property in 2012 for $280,000. The building is located at 7080 Martway, near the Panera restaurant.