Redevelopment of derelict downtowns has been outsourced to massive real estate corporations who have created a successful formula that they can pretty much copycat over and over.

Kansas City's Power & Light district, which you mention, was built by the Cordish Companies, which cut and paste in Louisville and Baltimore, among others.

https://www.cordish.com/businesses/entertainment-districts

Certainly there are benefits of revitalizing urban spaces but the fact that it is entirely engineered, has little room for local entrepreneurs, and most financial benefits flow to a small cadre of real estate giants, is also somewhat concerning.