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A New Horizon for Riverside, Missouri

L-385 Levee Redevelopment Plan

The Levee Project broke ground in 2002 and was completed in 2006. The project provides flood protection to approximately 1,270 acres of developed and undeveloped land within the City. Partners for the Levee Project include the City, the Riverside-Quindaro Bend Levee District of Platte County, Missouri (“Levee District”) and the U.S. Army Corps of Engineers (“Corps”). The Levee Project dramatically increased the potential for development due to the size and location of the protected area.

Source of Funds – Levee Construction

Federal Government

$52,950,000

State of Missouri

$5,788,000

City of Riverside

$44,745,000

Riverside-Quindaro Bend Levee District

$16,205,000

TOTAL

$116,688,000

I-635 and Horizons Parkway Interchange

The first major infrastructure project undertaken was the construction of the interchange at I-635 and Horizons Parkway (including construction of the first phase of Horizons Parkway and lane additions on I-635). Initially anticipated at $22 million, the final cost of the work was approximately $13 million. Funding for this project was provided by the City of Riverside, the Federal Highway Administration and the Missouri Department of Transportation.

The large investment in the Levee and Interchange projects opened up the opportunity for the Horizons Economic Development.

Project Summary:

The land, an ideal location between two major airports and high visibility from major highways, is undergoing a $12 million renovation over the next 20 years. It includes a proposed 2.6 million square feet of new construction, projected to bring an excess of $300 million in private investment to the Kansas City metro area. The City of Riverside hopes that over the next decade Horizons will bring 5,900 jobs to the Kansas City area.

Size: 260-acre city-owned site at Interstate 635 and Missouri 9 2.6 million square feet of total building area will be constructed over the next 20 years

Public Improvements: 25 acres of lakes, three miles of tree-lined canals and land set aside for public use and recreational purposes that is projected to connect to the Missouri River Trail.

Financing Sources: Estimated private investment in excess of $300 million

With Spencer Fane’s assistance, the Horizons project is well underway. Horizons is the perfect location for corporations and local businesses.

The following table provides a summary of the total infrastructure costs anticipated for Riverside Horizons:

Source of Funds – Infrastructure Improvements

Federal Government

$6,100,000

State of Missouri

$29,177,000

City of Riverside

$62,372,000

Burlington Northern Santa Fe Railroad

$466,000

TOTAL

$98,115,000