American Century has filed with Kansas City to build a $44 million, 12-to-14-story office building to accommodate expected growth, The Kansas City Star reports. The fund company is planning to have it completed between 2008 and 2010.

"Current growth projections and other long-term strategies for American Century support the conclusion that by 2008-2010, there will likely be sufficient economic justification to construct the proposed office building for use primarily by American Century," according to the firm’s filing with Kansas City’s zoning board.

The office tower would be 380,000 square feet and accommodate parking for 1,400 cars in a seven-story garage. American Century’s architectural firm, HKS of Dallas, submitted an artist’s rendering of the proposed complex at 44 th and Main, showing a landscaped entrance.

American Century currently employs 2,300 people, although during the course of the bear market, it has eliminated jobs, which is why it isn’t planning a more aggressive timetable for its new tower, according to The Star.

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The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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