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The Merc Co+op Grocery Store

New Construction, New Market Tax Credits

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Sunflower Development Bet365 betting website secured million in NMTCs to close a financing gap in a 14,000sqft grocery store located in Kansas City, KS.

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As part of the Healthy Campus Initiative, the Unified Government of Wyandotte County (UG) worked with local stakeholders to determine a suitable location and operator to build a grocery store in downtown Kansas City, KS. The location is in a federally designated “food desert” meaning residents lack access to healthy and fresh foods.

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The NMTCs help to offset the high cost of construction and included a ,000 charitable donation to The Merc Co+Op to pay for an Education Coordinator, ,000 for Merc membership dues for clients on governmental food assistance (SNAP/WIC) and ,000 to pay for scholarships for The Merc Co+Op’s culinary and heathy food education classes for low income residents in the new building’s test kitchen. The store also includes a community classroom to hold local public meetings and other educational events.

Million

Allocation Secured
14,000

Grocery Store
.8 Million

Total Project Cost
Mid-2020

Completion Date
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