Downtown Wichita Business Activity
Business activity in downtown Wichita continues to rise. (more…)
09
Aug
08
Aug
Downtown Wichita Tax Base
There's been much investment in downtown Wichita. But it isn't evident in the assessed value of property, although the recent trend is positive. (more…)
21
Feb
Naftzger Park event management agreement still ambiguous
This week the Wichita City Council will update an agreement from last year, but it appears important issues were not addressed. Last February the City of Wichita approved an agreement with a local business to manage events at Naftzger Park. With the pandemic upending public events, the business -- Wave Old Town, LLC -- was unable to program any events. Therefore, the city wants to add additional time to the agreement. During the delay, the city could have addressed problems with the original agreement. Some problems concern the bidding process. My concern was the uncertainty in the profit-sharing agreement, which…
28
Dec
Downtown Wichita jobs rise
The reported number of jobs in Downtown Wichita rose in 2018, but there is an issue with the data. (more…)
10
Dec
Downtown Wichita population is up
New Census Bureau data shows the downtown Wichita population growing in 2019. Data released today by the United States Census Bureau shows the estimated population for zip code 67202 in 2019 was 1,751, an increase of 80 from the prior year. Zip code 67202 is greater downtown Wichita, from the Arkansas River east to Washington, and Kellogg north to Central, roughly. The source of this data is U.S. Census Bureau, 2015-2019 American Community Survey 5-Year Estimates. This is not the Bureau's estimate of the population in 2019. This is because for areas of population less than 65,000, the Bureau does…
18
Oct
Downtown Wichita attraction attendance
Attendance at downtown Wichita attractions presented in an interactive visualization. The Source of data is Visit Wichita Convention & Visitors Bureau as presented in State of Downtown Reports published by DowntownWichita.org. Click here to access the visualization.
10
Oct
Intrust Bank Arena loss for 2019 nears $5 million
A truthful accounting of the finances of Intrust Bank Arena in downtown Wichita shows a large loss. The true state of the finances of the Intrust Bank Arena in downtown Wichita are not often a subject of public discussion. Arena boosters cite a revenue-sharing arrangement between the county and the arena operator, referring to this as profit or loss. But this arrangement is not an accurate and complete accounting, and it hides the true economics of the arena. What's missing is depreciation expense. There are at least two ways of looking at the finance of the arena. Nearly all attention…
13
Sep
Rethinking the city and the community for a post-pandemic world
How has the pandemic affected cities in general and Wichita specifically, and what are implications for the future? Recently Chase M. Billingham, who is Associate Professor of Sociology at Wichita State University, delivered an online lecture titled "Rethinking the city and the community for a post-pandemic world." In the lecture, Billingham covered topics such as the nature of cities and urbanism; how the pandemic has affected cities; how cities have suffered during pandemics throughout modern history, but have also led in innovation, medicine, and research.; COVID-19 will likely accelerate ongoing trends, especially economic trends; the effect of remote working on…
19
Apr
Naftzger Park on the web: Do we care?
A badly outdated portion of Wichita's website makes me wonder: Does anyone care? In the Naftzger Park Facebook group that I co-administer, someone recently posted this: Hi! I'm [not] new to Wichita and a friend told me about a quaint and lovely Victorian style park set in the downtown area. I love little parks like these as they're such an endearing surprise in the midst of old industrial buildings and warehouses. After seeing the pictures on your website, I can tell my friend understated the beauty of the park. I can't wait to visit! One problem though, I can't find…
07
Feb
Wichita taxing district to expand
The City of Wichita plans to expand a special tax district. Next week the Wichita City Council will consider expanding an existing CID, or Community Improvement District, in the Delano neighborhood near downtown Wichita. A map provided by the city is nearby. Community Improvement Districts are a mechanism whereby extra sales tax is collected within a district. For this CID, the city asks to collect an extra two cents per dollar, which is the maximum allowed in Kansas. CIDs are distinguished from STAR bonds, in which incremental sales tax revenue in a district is captured and handled differently from the…
04
Feb
Naftzger Park event management agreement ambiguous
The profit-sharing agreement for Naftzger Park event management contains ambiguity that could lead to disputes. Today the Wichita City Council approved an agreement with Wave Old Town LLC for event management in Naftzger Park in downtown Wichita. The agreement was approved unanimously. While there was controversy over the awarding of the contract (Wichita Eagle reporting is here), others have noticed that the contract is imprecise in a way that could lead to problems. The city and Wave will share profits and losses based on a schedule in the management agreement contained in the agenda packet for today's meeting, Item V-2.…
26
Jan
Century II resource center
Updated and refreshed: A resource of information about the Century II Performing Arts and Convention Center in Wichita. Click here: wichitaliberty.org/century-ii-resource-center-wichita Painting of Century II by Bill Goffrier. For more of his works, visit Goffrier Studio on the web or Bill Goffrier Studio on Facebook.
19
Dec
Downtown Wichita population is up
New Census Bureau data shows the population growing in downtown Wichita. Data released today by the United States Census Bureau shows the estimated population for zip code 67202 in 2018 was 1,671, an increase of 73 from the prior year. Zip code 67202 is greater downtown Wichita, from the Arkansas River east to Washington, and Kellogg north to Central, roughly. The source of this data is U.S. Census Bureau, 2014-2018 American Community Survey 5-Year Estimates. This means the data is not the Bureau's estimate of the population in 2018. For areas of population less than 65,000, the Bureau does not…
17
Dec
Downtown Wichita jobs rise
The number of jobs in downtown Wichita rose sharply in 2017. New data from United States Census Bureau shows the number of workers in downtown Wichita rose sharply in 2017, while the number of business firms fell slightly. Zip code tabulation area 67202. Click for larger.From 2016 to 2017, the number of workers in zip code 67202 rose from 13,618 to 14,588, an increase of 970 jobs, or 7.1 percent. (Zip code 67202 is greater downtown Wichita, from the Arkansas River east to Washington, and Kellogg north to Central, roughly.) The number of business firms fell from 810 to 802.…
17
Nov
The Wichita baseball team’s name
Is the name of the new Wichita baseball team important? Yes, as it provides insight. Whatever you may think of the name of the new Wichita baseball team, it's important. Important because the city is spending many millions on the stadium, much of it borrowed through bonds that must be repaid if the team doesn't generate as much success (and tax revenue) as planned. Additionally, the city is depending on the team owners to successfully develop the four acres of surrounding land that the city gave to them. (Well, almost gave to them. They paid about four dollars.) Without successful…
08
Nov
From Pachyderm: Save Century II
From the Wichita Pachyderm Club: Speakers promoting the saving of the Century II Convention and Performing Arts Center in downtown Wichita. Speakers were, in order of first appearance, Greg Kite, Dean Bradley, and Celeste Bogart Racette. This video was recorded on November 1, 2019. View below, or click here to view at YouTube. There is other material on this topic: On Facebook: Save Century II The website Save Century II Video: Save Century II public meeting from October 22, 2019
02
Nov
From Pachyderm: Save Century II
From the Wichita Pachyderm Club: Speakers promoting the saving of the Century II convention and performing arts center in downtown Wichita. Speakers were, in order of first appearance, Greg Kite, Dean Bradley, and Celeste Bogart Racette. This audio presentation or podcast was recorded on November 1, 2019. There is other material on this topic: On Facebook: Save Century II The website Save Century II Video: Save Century II public meeting from October 22, 2019
07
Oct
In Wichita, more tax increment financing
The Wichita city council will consider expanding an existing TIF, or tax increment financing district. Tomorrow the Wichita City Council will consider expanding the boundaries of an existing tax increment financing district in downtown Wichita. [1. City of Wichita City Council Agenda for October 8, 2019. Agenda Item No. V-1, Public Hearings Considering an Expansion of the Union Station Tax Increment Financing District and Considering a Development Agreement for the Union Station Project Area 3 Plan (District I)] According to city documents for this agenda item, Expanding the District would allow the Developer to capture the additional increment generated by…
06
Oct
What the Block 1 amendment says about downtown Wichita
The amending of a retail lease tells us a lot about the economics of downtown Wichita. This week the Wichita City Council amended a lease for some retail space at 360 East William in downtown Wichita. This is the retail space on the ground floor of the Block 1 parking garage at the northwest corner of Topeka and William. Block One retail space sits half empty. Click for larger.The first lease, passed by the council in 2011, refers to "ground level of the Parking Structure retail space containing approximately 8,400 square feet of surface floor area." [1. Wichita City Council…
04
Oct
Contribute to a campaign, get (nearly) free rent
Citizens may not have noticed that a campaign contributor to Wichita Mayor Jeff Longwell received a large benefit from the city this week. This Tuesday the Wichita City Council voted to amend an existing lease. In a nutshell, the city council voted to lease to a tenant 8,600 square feet of retail space for $1.00 per year. Not $1.00 per square foot per year, but $1.00 per year for all 8,600 square feet. That's for the first four years of the lease. Computed as rent per square foot, which is the common way to quote rent for commercial space, the…