Broke Airline Could Leave KC Huge Bill

The Star: American Airlines' bankruptcy filing could cost Kansas City $1.1 million in annual lease payments.

Comments

  1. SOS11/30/11, 6:51 AM

    Just add that to the $12 million for the P&L District, $1.2 million for Kemper, $1.7 million for Citadel Plaza, and all the rest that we've all forgotten about.
    Are these city council people great business negotiators, or what?
    And now, on to the new taxpayer-funded downtown hotel and trolley line! What could possibly go wrong?

    ReplyDelete
  2. Anonymous11/30/11, 8:12 AM

    And you get to pay an extra 1% on top of the usual just to live and work in such a fine city in order to cover the fail.

    ReplyDelete
  3. Anonymous11/30/11, 8:34 AM

    Note the state paid $85 million to rehab the hanger in 2005. For 25 $1.1 million lease payments that look to be stopping anyway? Even if AA does not default... great deal.

    ReplyDelete

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