Dive Brief:

• Cerner Corp., which makes software solutions for the medical industry, wants to build 4.5 million square feet for a mixed-use campus on what was once the 251-acre Bannister Mall in Kansas City.
• The city's Tax Increment Financing Commission has agreed to a $1.635 billion plan and sent it to the City Council for action.
• The whole project is estimated to cost $4.3 billion, and the city's plan cobbled together several tax-increment plans.

Dive Insight:

The plan will bring jobs, but paying off the bonds with the rising taxes from the property as it develops and is occupied will divert money that would have gone to the city treasury, the local school district and other government coffers. Backers say the spending of 15,000 new workers and the taxes they pay are worth sending the the tax revenue to bond investors.