City of Independence, Missouri, Planned Capital Expenditure Increased By 49%

FirmoGraphs keeps its clients up to date on capital plans of interest for long-term business development. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed the latest capital spending plan by the City of Independence, Missouri. Here are our observations. 

In the CIP covering the 2024-2029 fiscal years, Independence detailed plans to spend $287 million on capital projects, an increase of 49% from $193 million in its 2023-2028 CIP. The current CIP has 137 line items, compared to 139 line items in the prior CIP. The table below breaks down the Independence’s planned capital spending by business area for its last two CIPs.

*Numbers are Rounded

Planned Spending Increases Due to New Projects

Almost all business areas increased. The most significant goes to the Fire category , which increased by 1,573% due to three new projects, including replacement of Station 5 and 8 and construction of Station 11. Planned spending in the Municipal Services also increased by 53% due to 11 more projects in the recent CIP. 

Nearly $15 Million Programmed For Municipal Services Project

Independence has three notable line items valued at over $10 million. The largest line item is the Noland Multimodal Corridor, worth $14 million, under the Municipal Services category. This project will create approximately 1.7 miles of multimodal transportation corridor along Noland Road from 24 Highway to Fair St. Other two notable line items include:

• Station 8 Replacement - worth $13 million, under the Fire category. The project involves replacing Station 8, which is currently at Powell and Truman Rd. New Station 8 will be relocated to 21011 78 Highway and combined with a Training Facility at the existing site. The station will be approximately 20,000 square feet.
• Treatment Plant Discharge - worth $11 million, under the Water category. The project provides engineering and process facilities to handle the treatment residuals from the Courtney Bend Water Plant to comply with impending future regulations.
  
  

How FirmoGraphs Can Help 

FirmoGraphs curates data about U.S. public sector markets, including transportation improvement programs, regulatory developments, and other critical information. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We’d be glad to meet with you and help your company sort through the wealth of information in improvement programs and other publicly available documents. Feel free to request a meeting and review the data live on our Business Intelligence platform.