KC could learn from STL hotel mistakes

Thanks to a TKC reader for sending a great link regarding a bit of ominous foreshadowing that looms over this town's hotel project soon to under study at the rate of 500k. Money Quote: "St. Louis went through every stage of this a decade ago, before a new downtown convention hotel was built with significant government involvement (i.e., tax credits, etc.). How has that worked out for St. Louis? Well, it is a very nice hotel, but it was recently sold on the courthouse steps to its creditors after it could not meet its bond obligations."

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