Prospect North v. City of Kansas City, 16th Cir. Jackson County, Missouri – $6 million settlement
About The Case
Wagstaff & Cartmell represented a real estate developer against the City of Kansas City, Missouri regarding a breach of cooperative agreements. The developer contributed land and agreed to build public and private improvements in exchange for the City’s agreement to fund certain public improvements. After extensive delays, alleged to have been caused by the City, the project failed when the developer’s lender foreclosed on the land. After extensive discovery and depositions of multiple expert witnesses, the case settled for $6 million on the eve of trial.