Ingram's Magazine July 2022

I N T H E N E W S

Tidbits of Business News from Around the Region

PCIA Adds $1 Billion AUM Prime Capital Investment Advisors, already one of the region’s biggest wealth management firms, is getting bigger, thanks to a pair of acquisitions that, combined, will add more than $1 billion in assets under management. The larger of those is the $600 million AUM from Gulf-coast-based Burns Estate Planning and Wealth Advisors; San Antonio-based Crossvault Capital Management accounted for an additional $440 million in AUM. Lenexa a ‘Go’ for Advent The Lenexa City Council has signed off on AdventHealth’s plans for an 11-building campus near the Lenexa City Center development project. The measure authorizes construc tion on a 25-acre site, including a hospital of more than 230,000 square feet and a new medical office building. Plans also call for a pair of parking facilities that will accommo date more than 500 staff and patient vehicles. The buildout, over five phases, is slated to be completed in 2031. It comes on the heels of AdventHealth’s October opening of a $150 million expansion at theBluHawk project near 167th and Antioch in Overland Park.

years—to help the LMH Health Found ation address strategic needs and create an endowed fund for future goals. The gift from Dana Anderson, who made his fortune developing shopping malls, is the largest of its kind in the 101-year history of Lawrence Memorial Hospital and the 52-year-old foundation. Labor Crunch Hits City Hall Further evidence that the nation’s tight labor market is squeezing the public sector as much as it is for private compa nies, officials in Lawrence says the city has roughly 85 current positions open. While that’s down from 100 positions vacant earlier this year, officials say they are seeing resignations submitted at a higher rate than normal, complicating efforts to staff positions for city services, including administration, parks functions, planning, finance and public safety.

vehicle-battery production plant, DeSoto is easing zoning restrictions in the hopes of luring projects of similar scope. Changes in zoning requirements will allow certain high-tech industries to secure city approval for new plants and approvals for new factories in DeSoto. The City Council eliminated a two-phase process to autho rize new plant construction for companies producing electronics, computer products or vehicle batteries on land previously zoned for use as light or heavy industrial. Mega-Apartments in Works A Minneapolis development company has submitted plans to build a 446-unit multifamily on part of a 17-acre site at 135th and Antioch Road in Overland Park. The bulk of that site would be dedicated to apartments, with slightly more than four acres for commercial sites. Among the residential options would be 202 two bedrooms units, 196 single-bedroom units and several dozen with three or more bedrooms. The site also would feature a swimming pool, clubhouse and spa, as well as a dog park, space for grilling and a fire pit.

JOHNSON COUNTY DeSoto Eases Restrictions

As it attempts to land a $4 billion trophy fish in the form of a 4,000-job

R E A D E R S ’ L E T T E R S

A Call to Greatness

Goal!

I just finished reading Joe Sweeney’s excellent article while eating lunch here at the KU Cancer Center. I share in many of the fun and exciting memories of KC and appreciated Sweeney’s “what if” com ments that a few leaders considered in the late 60s and early 70s that led to who we are today. His article reminded me of a time when Bob Dunn and I attended a Wizards game and we sat directly in front of Lamar Hunt. Bob and I talked about how boring the game was because it ended with a score of 1 to 0. Little did we know what Lamar was thinking and his vision for the “what if” for Kansas City way back then. Jeff Wright Vice President of Cancer Services The University of Kansas Health System

I just wanted to reach out and say that I very much enjoyed Joe Sweeney’s Editor’s Note regarding the World Cup [“World Cup Kansas City,” Ingram’s , June 2022]. I fully agree with everything Swee ney said and think we need more of this positive “what if” thinking in our city. This is a once in a generation opportunity that we can’t let slide by. Thanks again for being such a great ambassador for our city.

improvements that were conceived and built in the late 60s and early 70s is stun ning. The article sheds light on an oth erwise complacent city that has watched comparable cities in that era like Dallas and Denver flourish while then much smaller cities like Des Moines and Omaha have grown to compete with KC. Vision, leadership and bold thinking and action is paramount when a unique opportunity such as theWorld Cup avails. Time will tell if city, county and state leaders sleep thro ugh this rare and tremendous opportunity.

Jeff Stingley Executive Vice President CBRE, Kansas City

John Stevens

Have something to say about what you’ve read in Ingram’s? E-mail your comments to Editoria l@ Ingrams.com. Letters may be edited for length and clarity.

Ingram’s lead feature in the June is sue about the World Cup being hosted in KC was revealing and forward thinking. The list of so many public and private

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I n g r a m ’ s

July 2022

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