The development team of Kessinger/Hunter and International Risk Group,
LLC, is selected by Johnson County Commissioners for the redevelopment
of the Sunflower Army Ammunition Plant, DeSoto, Kansas
Littleton, CO - January 16, 2004 -The development team of Kessinger/Hunter and International Risk Group, LLC, is selected by Johnson County Commissioners for the redevelopment of the Sunflower Army Ammunition Plant, DeSoto, Kansas. The action taken by the Johnson County Commissioners marks a milestone in the process to remediate the Sunflower Army Ammunition Plant and develop the property for its highest and best uses. This endeavor will return the property to the tax rolls and provide housing and employment opportunities, as well as additional parklands, for the residents of Johnson County now and for generations to come. While this is a big step, there remains a great deal of hard work, planning, coordination, and execution of a plan and vision in accordance with the County's master plan. In conjunction with federal, state and local government officials, the development team will now move forward with fine-tuning the details of the plan for the transfer of the property, including the remediation integral to fulfillment of that process.
The development team of Kessinger/Hunter and International Risk Group,
LLC, is committed to listen and seek counsel from all of those who
participated in the process. We truly believe that the interests and
goals of the developers and those of the County and State are parallel
and we will proceed recognizing that reality. We look forward to the
time when residences, schools, research and development facilities,
and recreational amenities enhance the landscape.
The Sunflower Army Ammunition Plant is a former Government-owned,
contractor-operated military installation located in DeSoto, KS. The
installation began operations in 1942. The primary operational mission
of the installation was to manufacture smokeless powder and single,
double, and triple-base propellants. Additional facility operations
included manufacture/regeneration of nitric and sulfuric acids and
munitions proving. Since 1971, the majority of the installation has
been in a standby, inactive status. The majority of the industrial
infrastructure remains at the site.
The 9,065-acre site is located between Lawrence, KS and Kansas City,
MO, along the Route 10 corridor, near to Interstate 35 and Interstate
70, 26.5 miles from Kansas City, MO. The Kansas City metropolitan
area is known as the "Heart of America." It is 250 miles
from the geographic and population center of the United States.
International Risk Group, LLC, is an impaired asset investment banking firm headquartered in Denver, Colorado with offices in New Jersey, Houston and San Francisco. The firm specializes in acquisitions, divestitures, mergers, liability assumptions, public to private transfers, valuations and impaired asset advisory services for assets with valuations between $1 million and $1 billion and with liabilities between $1 million and $300 million. The firm represents both buyers and sellers, serving as finders, intermediaries and negotiators.
International Risk Group, LLC, headquarters is located at 7991 Shaffer Parkway, Suite 300, Littleton, CO 80127. Phone: 303.972.6633 Fax: 303.948.4155
Contact:
International Risk Group, LLC
James M. Gostic
303.972.6633
