Cerner's $4.45B campus project takes another step forward: 6 key points

Cerner broke ground on a new campus in Kansas City, Mo., in November 2014. Now, the Kansas City Tax Increment Financing Commission has approved a development agreement for the project, according to The Kansas City Star.

Here are six key points on Cerner's campus development initiative.

1. Cerner is developing the campus on the site of a former mall. The 16-phase project is expected to cost a total of $4.45 billion.

2. The new development plan agreed to by the Kansas City commission will provide Cerner with more than $1 billion in reimbursement project costs.

3. As an additional part of the agreement, Cerner will invest $2 million in neighborhood improvement and $6 million in an education and professional studies program, according to the report.

4. The health IT vendor estimates the new location will generate 16,000 jobs within the next decade, according to the report.

5. Cerner's campus will include 3.7 million square feet of office space, a conference center, data center, training center, hotel, medical clinic and day care center.

6. Two office towers on the campus are slated for completion by the end of this year. The entire campus will reach the end of development by 2032.  

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