It’s been a big week for news in Kansas City! For today’s column, I wanted to shine the spotlight on some of the hottest subway news.
Meta Data Center is coming to KC
On Thursday, it was announced that Kansas City had been selected to house Meta’s new $800 million hyperscale data center. Meta, commonly known as Facebook, plans to build the center in the Gold Plains Technology Park with an expected opening date of 2024. Construction of the nearly 1 million square foot center will bring more than 1,300 jobs in the region and 100 additional operational jobs will be available upon completion. The announcement was made at a Thursday gathering of Missouri economic development leaders at Union Station. Missouri Governor Mike Parson teased “We’re here today to make an announcement bigger than the Tyreek Hill trade.” Kidding aside, I think we can all agree this is a huge win for Kansas City!
Tyreek Hill traded
To piggyback on the Governor’s quip, it was announced that beloved Chiefs wide receiver Tyreek Hill was traded to the Miami Dolphins on Wednesday. Hill received a four-year, $120 million contract extension, becoming the National Football League’s highest-paid wide receiver. During Hill’s six seasons in Kansas City, he had a staggering four 1,000 yards and 67 touchdowns. In exchange for the trade, Miami gave up five draft picks, including first- and second-round picks in the upcoming 2022 NFL Draft at the end of April.
The beef riddle
As inflation rises across the country, no industry is immune. Kansas City’s famous barbecue restaurants are really feeling the pain, with beef prices soaring. To ease the burden, some restaurateurs ask customers to avoid some of their favorite dishes. Owners have no choice but to raise their prices in an attempt to remedy these problems. So why are the prices so high? The answer comes down to simple supply and demand. The “supply” of beef is down due to fewer live cattle for slaughter. The cost of processing beef has also increased. Shutdowns due to Covid-19 have slowed beef production and a decrease in the number of workers to process and transport beef have all contributed to supply and demand issues. So, for the foreseeable future, you can expect higher prices when ordering your favorite brisket sandwich.
From groundbreaking commercial real estate news to sports upheavals, this week has brought a bit of everything. Be sure to subscribe to the Shawnee Mission Post to stay up to date with all the latest happening in Kansas City!
Bash & Co. Sotheby’s International Realty is an innovative, full-service residential real estate brokerage that leverages the latest technology to serve clients in the Kansas City area’s emerging, established and upscale neighborhoods. Follow them on Instagram here and on Facebook here.