Ted Ihde's Blog: Ted Ihde author of “Thinking About Becoming A Real Estate Developer?” - Posts Tagged "ted-ihde"
KC during Prohibition
The National Prohibition Act - known as the Volstead Act, or the Valentine Act - was passed to execute the 18th Amendment: prohibition of the manufacture of, the transportation of and the sale of alcohol.
The outlawing of intoxicating beverages. While the Act did indeed outlaw alcohol (for awhile) the Act simultaneously facilitated a birth in subcultures. Nightlife in Kansas City during the Prohibition era served as one such example.
During the nation's Prohibition era, Kansas City became a wide-open town - “Paris of the Plains.” A launching pad for bootleg booze, speakeasies, loose morals and gambling.
This early-20th Century KC subculture - fueled by illegal alcohol - was perfectly coupled to an already-thriving Kansas City jazz scene. Converging to push the “nightlife needle” in KC up…just as prohibition, on paper at least, was supposed to push that alcohol-enhanced “nightlife needle” down.
Kansas City during the Prohibition era. An example for what often does occur when there is a convergence of ideals taken from perspectives which are, to put it mildly, not aligned at all.
One ideal? That of a Puritanical influence. Coming out of Washington D.C.
The other ideal? Domestic to Kansas City. A “match” which had been lit by all-night jazz sessions, speakeasies and…outlawed liquor.
Restrictive legislation. Legislative intent. And a consequence of inverse effect.
The outlawing of intoxicating beverages. While the Act did indeed outlaw alcohol (for awhile) the Act simultaneously facilitated a birth in subcultures. Nightlife in Kansas City during the Prohibition era served as one such example.
During the nation's Prohibition era, Kansas City became a wide-open town - “Paris of the Plains.” A launching pad for bootleg booze, speakeasies, loose morals and gambling.
This early-20th Century KC subculture - fueled by illegal alcohol - was perfectly coupled to an already-thriving Kansas City jazz scene. Converging to push the “nightlife needle” in KC up…just as prohibition, on paper at least, was supposed to push that alcohol-enhanced “nightlife needle” down.
Kansas City during the Prohibition era. An example for what often does occur when there is a convergence of ideals taken from perspectives which are, to put it mildly, not aligned at all.
One ideal? That of a Puritanical influence. Coming out of Washington D.C.
The other ideal? Domestic to Kansas City. A “match” which had been lit by all-night jazz sessions, speakeasies and…outlawed liquor.
Restrictive legislation. Legislative intent. And a consequence of inverse effect.
Rock Chalk, what is a JAYHAWK? Duke fans might not know. But a history major might.
Prior to the outbreak of the Civil War, an abolitionist movement in the new territory of Kansas was led by “jayhawkers.”
Jayhawkers were settlers who moved west…into this new territory of Kansas. Jayhawkers possessed an ideology which was predicated upon the admission of the new territory of Kansas into the union as a free state. The acknowledged territorial capital of this new Kansas territory – at that time – was Lecompton. Yet jayhawkers – i.e.: abolitionists – established their own unofficial territory capital – and their own unofficial legislature – in Topeka.
Two capitals, two legislatures, in two different cities.
Jayhawkers were settlers who moved west…into this new territory of Kansas. Jayhawkers possessed an ideology which was predicated upon the admission of the new territory of Kansas into the union as a free state. The acknowledged territorial capital of this new Kansas territory – at that time – was Lecompton. Yet jayhawkers – i.e.: abolitionists – established their own unofficial territory capital – and their own unofficial legislature – in Topeka.
Two capitals, two legislatures, in two different cities.
25 out of every 1,000 homes found there way to new owners over this past year…the lowest turnover rate we’ve seen since the ‘90’s.
I would propose this idea to think about…
Our industrywide over reliance on selling already-built, move-in ready homes – I.e.: resales – prioritized over building business models which are predicated on building new homes, creating additional housing inventory and marketing new home construction options to home buyers has contributed substantively to housing inflation. As well as to sales numbers – in 2024 – which are comparable to sales numbers we saw thirty years ago.
Sometimes the correct answer includes plain old hard work. Coupled to changed perspectives.
Ted Ihde, Thinking About Becoming A Real Estate Developer?
Our industrywide over reliance on selling already-built, move-in ready homes – I.e.: resales – prioritized over building business models which are predicated on building new homes, creating additional housing inventory and marketing new home construction options to home buyers has contributed substantively to housing inflation. As well as to sales numbers – in 2024 – which are comparable to sales numbers we saw thirty years ago.
Sometimes the correct answer includes plain old hard work. Coupled to changed perspectives.
Ted Ihde, Thinking About Becoming A Real Estate Developer?
A Connecticut governor and Newark…The Robert Treat Hotel
The Robert Treat Hotel opened to the public in Newark, New Jersey in the year 1916. This prominent hotel – located on Park Place in downtown Newark – was the first luxury hotel ever built in Newark.
The Robert Treat is named after the very man to whom Newark owes its status as, first, a territory of Great Britain. Then later, as a township in the American colonies. Then later, as New Jersey’s largest city. This man, was Robert Treat.
Robert Treat was born in England in 1622. Robert Treat arrived in the British colonies – in Massachusetts – in 1630.
In 1666, Robert Treat established a new territory for Great Britain. This new territory being, “Newark.”
What evolved into Newark was established by Robert Treat as the third New Jersey settlement. Great Britain granted this new territory a royal charter…forty-five years after Robert Treat first arrived in Brick City. This royal charter having been granted by Great Britain to Treat’s territory in 1713.
One-hundred thirty-two years after Robert Treat established this new territory for Great Britain, Newark was incorporated as a township in the newly-established United States. That occurred in 1798. As Newark Township. Through an act of the New Jersey Legislature – the Township Act of 1798. Through the Township Act of 1798, Newark became one of the New Jersey’s original 104 towns.
It was Newark Township up through 1836. In 1836, Newark Township was reincorporated as a city. Newark Township was no more. From 1836 on, it was simply, Newark.
At its origin – upon Treat’s arrival, while still a territory which was governed by Great Britain, long before there even was a New Jersey Legislature – Newark was not known as Newark Township. Nor as Newark.
At first, upon Treat’s arrival, this new Newark territory had been Pesayak Towne. The territory later became New Milford. Names for Newark…long before the territory Treat established became Newark Township. Then later, simply, Newark.
Prior to traveling south a bit from his native New England to what today is Newark – traveling…together with a fellow group of Puritans…as Robert Treat was a Puritan himself – Robert Treat had been a Connecticut governor.
From 1683 to 1687 Robert Treat served as Connecticut’s governor. Robert Treat served a second, non-consecutive term as the governor of Connecticut as well.
Governor Treat’s second gubernatorial term in Connecticut ran from 1689 to 1698.
Ted Ihde, Thinking About Becoming A Real Estate Developer?Health club privileges. A free shuttle to Newark Liberty International Airport. A business center. A guest lounge. Banquet facilities…
As we approach The Robert Treat Hotel’s 100-year anniversary, that’s what you’ll find today when you stay at The Robert Treat. Its colonial history…long since having evolved into the finest hotel stay that New Jersey has to offer.
The Robert Treat is named after the very man to whom Newark owes its status as, first, a territory of Great Britain. Then later, as a township in the American colonies. Then later, as New Jersey’s largest city. This man, was Robert Treat.
Robert Treat was born in England in 1622. Robert Treat arrived in the British colonies – in Massachusetts – in 1630.
In 1666, Robert Treat established a new territory for Great Britain. This new territory being, “Newark.”
What evolved into Newark was established by Robert Treat as the third New Jersey settlement. Great Britain granted this new territory a royal charter…forty-five years after Robert Treat first arrived in Brick City. This royal charter having been granted by Great Britain to Treat’s territory in 1713.
One-hundred thirty-two years after Robert Treat established this new territory for Great Britain, Newark was incorporated as a township in the newly-established United States. That occurred in 1798. As Newark Township. Through an act of the New Jersey Legislature – the Township Act of 1798. Through the Township Act of 1798, Newark became one of the New Jersey’s original 104 towns.
It was Newark Township up through 1836. In 1836, Newark Township was reincorporated as a city. Newark Township was no more. From 1836 on, it was simply, Newark.
At its origin – upon Treat’s arrival, while still a territory which was governed by Great Britain, long before there even was a New Jersey Legislature – Newark was not known as Newark Township. Nor as Newark.
At first, upon Treat’s arrival, this new Newark territory had been Pesayak Towne. The territory later became New Milford. Names for Newark…long before the territory Treat established became Newark Township. Then later, simply, Newark.
Prior to traveling south a bit from his native New England to what today is Newark – traveling…together with a fellow group of Puritans…as Robert Treat was a Puritan himself – Robert Treat had been a Connecticut governor.
From 1683 to 1687 Robert Treat served as Connecticut’s governor. Robert Treat served a second, non-consecutive term as the governor of Connecticut as well.
Governor Treat’s second gubernatorial term in Connecticut ran from 1689 to 1698.
Ted Ihde, Thinking About Becoming A Real Estate Developer?Health club privileges. A free shuttle to Newark Liberty International Airport. A business center. A guest lounge. Banquet facilities…
As we approach The Robert Treat Hotel’s 100-year anniversary, that’s what you’ll find today when you stay at The Robert Treat. Its colonial history…long since having evolved into the finest hotel stay that New Jersey has to offer.
ABANDONED HOUSES
Processes to consider when thinking through how to transition abandoned homes from absentee owners to developers could include: a) land banking, b) spot blight eminent domain, and c) receivership. Tools. Why focus on this problem? Why cultivate ideas? Why develop solutions?
Abandoned homes become financial drains on a city’s resources. For example, the cost to demolish an abandoned home?Demolition costs could reach up to $20,000. Per home.
And there are social costs as well…
Neighborhoods with abandoned homes become breeding grounds for crime. For drug use. For violence. Social costs.
But social costs are not always correlated to dollars and cents. Furthermore, social costs are often viewed as someone else’s problem.
But are social costs easy to understand? Are social costs someone else’s problem?
Social costs attributed to abandoned homes correlate to financial costs. Financial costs incurred by the city. Financial costs incurred by the city’s stakeholders. Financial costs incurred by the city’s taxpayers.
Social costs attributed to abandoned homes affect city residents who may – at first – believe abandoned homes would not be a problem affecting them.
For example…
A New Yorker living in Tribeca or on the Upper East Side is part of New York City. As such, they pay New York City taxes. So, while there may be few abandoned homes in their neighborhood, Tribeca and the Upper East Side are still coupled to the poorest neighborhoods in New York City. To the Morrisania and the Crotona neighborhoods in the Bronx.
In Morrisania and Crotona, nearly 4-out-of-10 live below the poverty line.
Let’s say socioeconomic challenges in Morrisania or Crotona lead to a foreclosure in either neighborhood. That foreclosure, then becoming an abandoned home.
Increased police patrolling is one byproduct of abandoned homes. Enacted to prevent neighborhoods from spiraling into crime magnets.
Increased New York City police patrolling in the Bronx is a financial cost. Which addresses the social cost. And that is a New York City cost. A cost which is bourne by…Morrisania residents. A cost which is bourne by…residents on the Upper East Side. A cost which is bourne by…residents in Tribeca. A cost which is bourne by…Crotona residents.
Abandoned homes become financial drains on a city’s resources. For example, the cost to demolish an abandoned home?Demolition costs could reach up to $20,000. Per home.
And there are social costs as well…
Neighborhoods with abandoned homes become breeding grounds for crime. For drug use. For violence. Social costs.
But social costs are not always correlated to dollars and cents. Furthermore, social costs are often viewed as someone else’s problem.
But are social costs easy to understand? Are social costs someone else’s problem?
Social costs attributed to abandoned homes correlate to financial costs. Financial costs incurred by the city. Financial costs incurred by the city’s stakeholders. Financial costs incurred by the city’s taxpayers.
Social costs attributed to abandoned homes affect city residents who may – at first – believe abandoned homes would not be a problem affecting them.
For example…
A New Yorker living in Tribeca or on the Upper East Side is part of New York City. As such, they pay New York City taxes. So, while there may be few abandoned homes in their neighborhood, Tribeca and the Upper East Side are still coupled to the poorest neighborhoods in New York City. To the Morrisania and the Crotona neighborhoods in the Bronx.
In Morrisania and Crotona, nearly 4-out-of-10 live below the poverty line.
Let’s say socioeconomic challenges in Morrisania or Crotona lead to a foreclosure in either neighborhood. That foreclosure, then becoming an abandoned home.
Increased police patrolling is one byproduct of abandoned homes. Enacted to prevent neighborhoods from spiraling into crime magnets.
Increased New York City police patrolling in the Bronx is a financial cost. Which addresses the social cost. And that is a New York City cost. A cost which is bourne by…Morrisania residents. A cost which is bourne by…residents on the Upper East Side. A cost which is bourne by…residents in Tribeca. A cost which is bourne by…Crotona residents.
Kansas City’s Garment District
6th Street to 11th Street. Washington Street to Wyandotte Street. Kansas City’s Garment District.
Ted Ihde, Thinking About Becoming A Real Estate Developer?Ted Ihde, Thinking About Becoming A Real Estate Developer?Today, Kansas City’s Garment District is a neighborhood boasting of cutting edge offices, cool lofts and quaint coffee shops. This trendy KC neighborhood in 2025 traces its origin all the way back to the shops, the stores and the manufacturers which sprang up in this section of Kansas City during the first half of the 20th Century. Shops, stores and manufacturers which formed as a result of the growth of Kansas City’s garment industry…long, long ago.
Kansas City is a major US railroad hub. If you drew a diagram of the United States on a piece of paper, and if you marked the exact center of your diagram with a pen, you’d have…Kansas City.
An ability to ship garments to fashion-hungry consumers to the east. To the west. To the south. And to the north. Trendy garments shipped by rail in an optimistic, fashion-conscious post-war United States. Kansas City’s garment industry could do that. And did.
Yet the growth of Kansas City’s garment industry early in the 20th Century wasn’t just because of easy access to the railroad. Nor was the growth of Kansas City’s garment industry really just based upon Kansas City’s perfect location.
No, the growth of Kansas City’s garment industry was the result of a “perfect storm” – a low-cost/low-regulation region, shipments that could easily be made by rail and a post-war America that was looking to buy (and show off) new, fashionable clothes. This “perfect storm”…further fueled by the relocation of garment manufacturers to the Midwest. Away from the high-cost/high-regulation business environments they operated within in the East. To this lower-cost location. With less regulation. To Kansas City.
Garment manufacturers migrating in to Kansas City. Homegrown garment manufacturers growing their businesses in Kansas City. The foundation for the growth of Kansas City’s garment industry in the first half of the 20th Century.
The Donnelly Garment Company…1828 Walnut Street.
Between 1916 and 1978, Kansas City-based Donnelly Garment Company manufactured over 75 million dresses. Making Donnelly Garment Company the largest dress manufacturer of the 20th century.
Peak employment for Kansas City’s garment industry was reached at the midpoint of the 20th Century. Closing in on 1950, nearly 5,000 garment industry workers had been employed by the close-to-100 Kansas City-based garment manufacturers. While Kansas City’s Donnelly Garment Company did the lion’s share Kansas City’s garment industry hiring…employing nearly 20% of all Kansas City’s garment workers at that time.
Ted Ihde, Thinking About Becoming A Real Estate Developer?Ted Ihde, Thinking About Becoming A Real Estate Developer?Today, Kansas City’s Garment District is a neighborhood boasting of cutting edge offices, cool lofts and quaint coffee shops. This trendy KC neighborhood in 2025 traces its origin all the way back to the shops, the stores and the manufacturers which sprang up in this section of Kansas City during the first half of the 20th Century. Shops, stores and manufacturers which formed as a result of the growth of Kansas City’s garment industry…long, long ago.
Kansas City is a major US railroad hub. If you drew a diagram of the United States on a piece of paper, and if you marked the exact center of your diagram with a pen, you’d have…Kansas City.
An ability to ship garments to fashion-hungry consumers to the east. To the west. To the south. And to the north. Trendy garments shipped by rail in an optimistic, fashion-conscious post-war United States. Kansas City’s garment industry could do that. And did.
Yet the growth of Kansas City’s garment industry early in the 20th Century wasn’t just because of easy access to the railroad. Nor was the growth of Kansas City’s garment industry really just based upon Kansas City’s perfect location.
No, the growth of Kansas City’s garment industry was the result of a “perfect storm” – a low-cost/low-regulation region, shipments that could easily be made by rail and a post-war America that was looking to buy (and show off) new, fashionable clothes. This “perfect storm”…further fueled by the relocation of garment manufacturers to the Midwest. Away from the high-cost/high-regulation business environments they operated within in the East. To this lower-cost location. With less regulation. To Kansas City.
Garment manufacturers migrating in to Kansas City. Homegrown garment manufacturers growing their businesses in Kansas City. The foundation for the growth of Kansas City’s garment industry in the first half of the 20th Century.
The Donnelly Garment Company…1828 Walnut Street.
Between 1916 and 1978, Kansas City-based Donnelly Garment Company manufactured over 75 million dresses. Making Donnelly Garment Company the largest dress manufacturer of the 20th century.
Peak employment for Kansas City’s garment industry was reached at the midpoint of the 20th Century. Closing in on 1950, nearly 5,000 garment industry workers had been employed by the close-to-100 Kansas City-based garment manufacturers. While Kansas City’s Donnelly Garment Company did the lion’s share Kansas City’s garment industry hiring…employing nearly 20% of all Kansas City’s garment workers at that time.
With these (crazy) home prices, building your own home may be wiser than buying someone else’s home.
You’ve thought about building your own home. You can. A construction loan can make it happen.
There are different types of construction loans. So let’s look at two of these loan types: a) the one-time close construction loan, and b) the two-time close construction loan.
With the OTC, you qualify one time for two loans.
The 1st qualification is for your construction loan. The 2nd qualification is for your permanent loan.
And then there is the two-time close (“TTC”) construction loan.
The TTC is a riskier loan than the one-time close. Due to the fact that with the two-time close, you will need to qualify based upon your credit and your income a second time- after your home is built.
With the TTC, any reduction in your income or a drop in your FICO Score – while your home is being built – could make it more difficult to qualify for your permanent loan.
Another potential risk to consider with the two-time close is, What if the construction phase doesn’t go well? What if construction is not completed? What if it’s delayed?
In either situation – a) a drop in your credit score or a reduction in your income, or b) challenges with construction, with the TTC, qualifying for your permanent loan could be put at risk.
Key points…
The one-time close construction loan: one loan approval
The two-time close construction loan: two loan approvalsThinking About Becoming a Real Estate Developer?
There are different types of construction loans. So let’s look at two of these loan types: a) the one-time close construction loan, and b) the two-time close construction loan.
With the OTC, you qualify one time for two loans.
The 1st qualification is for your construction loan. The 2nd qualification is for your permanent loan.
And then there is the two-time close (“TTC”) construction loan.
The TTC is a riskier loan than the one-time close. Due to the fact that with the two-time close, you will need to qualify based upon your credit and your income a second time- after your home is built.
With the TTC, any reduction in your income or a drop in your FICO Score – while your home is being built – could make it more difficult to qualify for your permanent loan.
Another potential risk to consider with the two-time close is, What if the construction phase doesn’t go well? What if construction is not completed? What if it’s delayed?
In either situation – a) a drop in your credit score or a reduction in your income, or b) challenges with construction, with the TTC, qualifying for your permanent loan could be put at risk.
Key points…
The one-time close construction loan: one loan approval
The two-time close construction loan: two loan approvalsThinking About Becoming a Real Estate Developer?
How are the two baseball “blue bloods” linked to Kansas City? The answer is found in the 1955 World Series.
Between 1923 and 1955 the Kansas City Monarchs called Kansas City – and Kansas City Municipal Stadium – “home.”
The Kansas City Monarchs won twelve league championships before major league baseball was racially integrated. The Monarchs appeared in four Negro League World Series, winning it all in 1924. And again in 1942.
The Kansas City Monarchs produced more Major League Baseball players than any other Negro League franchise. Some of whom went on to become household names.
Jackie Robinson played for the Kansas City Monarchs in 1945. Jackie Robinson was later signed by the Dodgers…breaking the color barrier in Major League Baseball in 1947.
Satchel Paige and Ernie Banks played in Kansas City too. For the Kansas City Monarchs.
There are thirteen one-time Kansas City Monarchs in the Major League Baseball Hall of Fame. There are four Kansas City Monarchs in the Hall of Fame whose Hall of Fame plaques depict the players sporting Kansas City Monarchs uniforms. The four Monarchs in the Hall of Fame, wearing the Monarchs uniform? Willard Brown, Satchel Paige, J.L. Wilkinson and Hilton Smith.
The first Negro League World Series game ever played was played in Kansas City. At Kansas City Municipal Stadium. The year was 1924.
The Negro League Baseball Museum is located a few blocks from where Kansas City Municipal Stadium once stood. In Kansas City’s historic 18th and Vine District.
Jackie Robinson started out in Kansas City. Jackie Robinson’s first contract as a Kansas City Monarch paid him $400/month.
Kansas City’s one-time minor league baseball team – the Kansas City Blues – were the original Municipal Stadium tenants.
The Kansas City Blues have made some notable contributions to Major League Baseball. And to the winningest team in all of sports…the New York Yankees.
Mickey Mantle once played in Kansas City. For the Kansas City Blues. Whitey Ford, Elston Howard, Yogi Berra and Phil Rizzuto all played for the Kansas City Blues as well.
Between 1955 and 1967, the now-Oakland Athletics were then the Kansas City Athletics. The Kansas City Athletics played their home games at Kansas City Municipal Stadium.
Some famous Oakland A’s – then later, famous New York Yankees – got their starts in Kansas City. As Kansas City Athletics. Those famous Kansas City A’s-turned-Yankees? Reggie Jackson and Catfish Hunter.
Reggie Jackson played his rookie year in Kansas City for the Kansas City Athletics in 1967. Reggie Jackson batted .178 his rookie year in Kansas City. Reggie hit one home run as a Kansas City Athletic that year.
Catfish Hunter played in Kansas City for the Kansas City Athletics from 1965 until 1967.
In 1978, in the playoffs, while playing for the Yankees and against Kansas City, Reggie batted .462, He hit twice as many home runs in the 1978 playoffs against Kansas City as he hit as a rookie in Kansas City. As a Kansas City Athletic. Reggie hit two home runs against Kansas City in the 1978 playoffs.
In 1955, the Kansas City Athletics drew nearly 1.4 million fans to their home games at Municipal Stadium. That year, the Kansas City Athletics had the third best home attendance in baseball.
The New York Yankees had the best attendance in baseball in 1955. On the roster of the 1955 New York Yankees…we find the connection to Kansas City.
Elston Howard. Yogi Berra. Phil Rizzuto. Billy Martin. And Mickey Mantle. All players on the pennant-winning 1955 New York Yankees. Each tracing the beginning of their careers to Kansas City. And to Kansas City Municipal Stadium.
Elston Howard was a Kansas City Monarch in 1948. While in Kansas City, Howard, the first African American to make it onto a Yankees roster, played for Buck O’Neil, the first African American coach in Major League Baseball history.
Yogi Berra played for the Kansas City Blues in 1944 and 1945.
Whitey Ford played for the Kansas City Blues in 1950.
Phil Rizzuto played for the Kansas City Monarchs in 1931, and from 1933 to 1939.
Billy Martin played in Kansas City. Not for the Blues. Not for the Monarchs. Billy Martin played in Kansas City for the Kansas City Athletics. In 1957.
Mickey Mantle played for the Kansas City Blues. In 1952.
The Yankees lost the 1955 World Series to the Brooklyn Dodgers. The Dodgers beat the Yankees in the 1955 World Series in seven games.
On the Series-winning 1955 Dodgers we’d find another all-time great whose career began in Kansas City, playing in Kansas City Municipal Stadium. That Dodger great? Jackie Robinson.Thinking About Becoming a Real Estate Developer?
The Kansas City Monarchs won twelve league championships before major league baseball was racially integrated. The Monarchs appeared in four Negro League World Series, winning it all in 1924. And again in 1942.
The Kansas City Monarchs produced more Major League Baseball players than any other Negro League franchise. Some of whom went on to become household names.
Jackie Robinson played for the Kansas City Monarchs in 1945. Jackie Robinson was later signed by the Dodgers…breaking the color barrier in Major League Baseball in 1947.
Satchel Paige and Ernie Banks played in Kansas City too. For the Kansas City Monarchs.
There are thirteen one-time Kansas City Monarchs in the Major League Baseball Hall of Fame. There are four Kansas City Monarchs in the Hall of Fame whose Hall of Fame plaques depict the players sporting Kansas City Monarchs uniforms. The four Monarchs in the Hall of Fame, wearing the Monarchs uniform? Willard Brown, Satchel Paige, J.L. Wilkinson and Hilton Smith.
The first Negro League World Series game ever played was played in Kansas City. At Kansas City Municipal Stadium. The year was 1924.
The Negro League Baseball Museum is located a few blocks from where Kansas City Municipal Stadium once stood. In Kansas City’s historic 18th and Vine District.
Jackie Robinson started out in Kansas City. Jackie Robinson’s first contract as a Kansas City Monarch paid him $400/month.
Kansas City’s one-time minor league baseball team – the Kansas City Blues – were the original Municipal Stadium tenants.
The Kansas City Blues have made some notable contributions to Major League Baseball. And to the winningest team in all of sports…the New York Yankees.
Mickey Mantle once played in Kansas City. For the Kansas City Blues. Whitey Ford, Elston Howard, Yogi Berra and Phil Rizzuto all played for the Kansas City Blues as well.
Between 1955 and 1967, the now-Oakland Athletics were then the Kansas City Athletics. The Kansas City Athletics played their home games at Kansas City Municipal Stadium.
Some famous Oakland A’s – then later, famous New York Yankees – got their starts in Kansas City. As Kansas City Athletics. Those famous Kansas City A’s-turned-Yankees? Reggie Jackson and Catfish Hunter.
Reggie Jackson played his rookie year in Kansas City for the Kansas City Athletics in 1967. Reggie Jackson batted .178 his rookie year in Kansas City. Reggie hit one home run as a Kansas City Athletic that year.
Catfish Hunter played in Kansas City for the Kansas City Athletics from 1965 until 1967.
In 1978, in the playoffs, while playing for the Yankees and against Kansas City, Reggie batted .462, He hit twice as many home runs in the 1978 playoffs against Kansas City as he hit as a rookie in Kansas City. As a Kansas City Athletic. Reggie hit two home runs against Kansas City in the 1978 playoffs.
In 1955, the Kansas City Athletics drew nearly 1.4 million fans to their home games at Municipal Stadium. That year, the Kansas City Athletics had the third best home attendance in baseball.
The New York Yankees had the best attendance in baseball in 1955. On the roster of the 1955 New York Yankees…we find the connection to Kansas City.
Elston Howard. Yogi Berra. Phil Rizzuto. Billy Martin. And Mickey Mantle. All players on the pennant-winning 1955 New York Yankees. Each tracing the beginning of their careers to Kansas City. And to Kansas City Municipal Stadium.
Elston Howard was a Kansas City Monarch in 1948. While in Kansas City, Howard, the first African American to make it onto a Yankees roster, played for Buck O’Neil, the first African American coach in Major League Baseball history.
Yogi Berra played for the Kansas City Blues in 1944 and 1945.
Whitey Ford played for the Kansas City Blues in 1950.
Phil Rizzuto played for the Kansas City Monarchs in 1931, and from 1933 to 1939.
Billy Martin played in Kansas City. Not for the Blues. Not for the Monarchs. Billy Martin played in Kansas City for the Kansas City Athletics. In 1957.
Mickey Mantle played for the Kansas City Blues. In 1952.
The Yankees lost the 1955 World Series to the Brooklyn Dodgers. The Dodgers beat the Yankees in the 1955 World Series in seven games.
On the Series-winning 1955 Dodgers we’d find another all-time great whose career began in Kansas City, playing in Kansas City Municipal Stadium. That Dodger great? Jackie Robinson.Thinking About Becoming a Real Estate Developer?
LAND BANKS
Municipalities enter into land bank agreements with redevelopment entities. In doing so, municipalities designate redevelopment entities as land bank entities.
Procedures are written into land bank agreements which clarify how land bank entities acquire properties on behalf of municipalities.
Why land banks?
Land bank properties are not bring absorbed by the market. There are reasons for this. Such as…
Years of back taxes owed. Clouded titles. Rehab budgets which exceed appraisal values. Limited “comps.” Are owner-occupying buyers able to secure renovation loans?
The market isn’t absorbing land bank properties. We have an inventory challenge. We have a housing affordability challenge.
Why not become proficient in land bank properties?Thinking About Becoming a Real Estate Developer?
Procedures are written into land bank agreements which clarify how land bank entities acquire properties on behalf of municipalities.
Why land banks?
Land bank properties are not bring absorbed by the market. There are reasons for this. Such as…
Years of back taxes owed. Clouded titles. Rehab budgets which exceed appraisal values. Limited “comps.” Are owner-occupying buyers able to secure renovation loans?
The market isn’t absorbing land bank properties. We have an inventory challenge. We have a housing affordability challenge.
Why not become proficient in land bank properties?Thinking About Becoming a Real Estate Developer?
REQUEST FOR PROPOSALS
A Request For Proposals is a tool used by municipalities whereby the merits of prospective bidders – I.e.: service providers with whom the municipality may choose to contract – are presented to the municipality.
The Request For Proposals is essentially a procurement document. It’s a, “Here is what we need… call-out. Pertaining to the municipality’s interest in vetting qualifications, skill sets and capabilities prospective respondents possess. Qualifications, skill sets and capabilities the municipality has deemed to be value-adding for the municipality at the time of the issuance of the Request For Proposals.
These are benefits the municipality has determined to be most effectively provided to the municipality through an outside vendor. Or, through outside vendors.
Hence, the issuance of the Request For Proposals.
Hence, the opportunity for service providers.Thinking About Becoming a Real Estate Developer?
The Request For Proposals is essentially a procurement document. It’s a, “Here is what we need… call-out. Pertaining to the municipality’s interest in vetting qualifications, skill sets and capabilities prospective respondents possess. Qualifications, skill sets and capabilities the municipality has deemed to be value-adding for the municipality at the time of the issuance of the Request For Proposals.
These are benefits the municipality has determined to be most effectively provided to the municipality through an outside vendor. Or, through outside vendors.
Hence, the issuance of the Request For Proposals.
Hence, the opportunity for service providers.Thinking About Becoming a Real Estate Developer?
Ted Ihde author of “Thinking About Becoming A Real Estate Developer?”
Today, a real estate developer and a licensed real estate broker, Ted graduated Summa Cum Laude from Bloomfield College.
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