Crossing Apartments Approved for Innovation Park | Lawrence News

Lawrence City Commissioners just approved a $50 million bond package for “The Crossing,” a 341-unit apartment complex near KU Innovation Park, designed to boost local housing and economic growth — even as costs ballooned past $106 million. While one commissioner voiced concerns over affordable housing, the vote passed with support from others who see it as key to turning West Campus into a thriving research and business hub. The project will help repay a Tax Increment Financing district created by KU Endowment, potentially shaving years off its repayment timeline — and eventually returning property tax revenue to city, county, and schools. Though the city gives up nearly $200K in sales tax, it won’t bear any financial risk since developers shoulder the bond repayment. Officials say this development is a vital step toward future growth — and plan to revisit affordable housing policies around 2027. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c9028cc242e90bae