Cerner withdraws bid to sell portion of its Innovations Campus

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Cerner retracted its bid to sell a portion of its Kansas City, Mo.-based Innovations Campus to developers for "retail and mixed-use," according to a Jan. 14 Kansas City Business Journal report.

The EHR vendor made the decision to withdraw its request after failing to reach an agreement with the Tax Increment Financing Commission of Kansas City. Cerner and the TIF Commission had been negotiating for months, according to the report.

Cerner's bid was to be permitted to sell off the portion of its campus to developers "but still reap the incentives from those specific projects to cover costs elsewhere the campus," the publication reports. The TIF Commission did not approve the request and instead presented a plan that would keep some development outlined in the current TIF area plan, excluding retail.

Because Cerner withdrew its bid, the company must revert to its previously approved request to own and develop all the mixed-use portion of its campus.

Editor's note: Becker's Hospital Review reached out to Cerner for comment and will update the report as more information becomes available.

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