A Kansas City agency on Friday cut a Crossroads Arts District condominium developer’s 25-year tax abatement request by 15 years.

The Planned Industrial Expansion Authority abated taxes on improvements at 2109 Broadway for 10 years. Developer Andrew Haden had also sought a 50 percent abatement for the succeeding 15 years.

The authority’s standard abatement runs 25 years.

PIEA Chairman Lester Siegel said the Crossroads’ growing popularity makes it time to begin paring abatements. Although the PIEA hasn’t established a policy, Siegel said, the agency began moving in this direction earlier this year when it granted a 10-year abatement to The Broadway condominiums proposed at 19th Street and Broadway near the Kauffman Center for the Performing Arts.

Haden told the PIEA’s board its decision would put him at a disadvantage compared with other Crossroads condos that carry 25-year abatements.

But he’ll proceed with an $8.1 million conversion of the 95-year-old building he bought in 2005. Haden expects to deliver 34 units priced at $200,000 to $500,000 in early 2008.

The PIEA also granted an abatement to Genesys Industrial Corp. Along with its standard relief on new taxes, the agency agreed to waive half of existing taxes for 10 years in return for Genesys’ agreeing to return benefits if it doesn’t meet growth goals.

The conveyor system manufacturer expects to spend $7.5 million renovating a former John Deere parts distribution center in south Kansas City. Genesys will move its headquarters from Lee’s Summit to the two-building complex at 85th Street and Hickman Mills Drive.

The 10-year-old company has hired about 60 people this year and now employs about 170 at its headquarters.

Information from: washington.bizjournals.com

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