CHINESE OWNED KANSAS CITY-BASED AMC ASKS FOR A BREAK FROM LENDERS!!! BRING ON THE NEXT KANSAS CITY ECO-DEVO FAIL!
Despite the fact that the U.S. economy is in a tailspin and things ARE NOT getting better in Kansas City . . . AMC wants a helping hand for their big Chinese fire sale and abandonment of the P&L District . . .
AMC Entertainment seeks lender leniency as sale triggers repayment of $1.5B
A Kansas City political insider says, "This is yet another example of all the TIF for the P&L District turning out to be one of the worst decisions KC has ever made . . ."
AMC was touted as a P&L District centerpiece but all of the debt that KC is currently saddled with didn't even keep the movie corp. in KC Proper . . . And the best efforts of Kansas City politicos certainly didn't hold AMC to their talk of staying in the money losing P&L District.
Once again, Kansas City politicos prove incompetent and out of their league when it comes to complex eco-devo deals . . . And now this same elite class of Kansas City politicos offer new plans to revive Downtown by way of a Toy Train and 1,000 room Hotel . . . Meanwhile, lenders and Kansas City Taxpayers are stuck with a huge bill and lack of confidence for our entertainment complex thanks to a Chinese buyout.
DEVELOPING . . .