SHOCK!!! ANOTHER TOY TRAIN PRICE INCREASE!!! STREETCAR NEEDS ANOTHER $58 MILLION+ IN WATER BONDS!!!
The price tag for Kansas City's Toy Train Streetcar seems to be spiraling out of control . . .
Streetcar requires $58.7M in bonds for waterworks
KC Biz Journal: "Kansas City’s plans to build a streetcar line will bring some collateral costs: The Water Services Department has begun selling $58.7 million in bonds to pay for water infrastructure improvements. The 25-year bonds will be used to pay for 19 miles of water main replacements, water treatment plant and pump station improvements, and water main relocation and replacement work necessitated by the installation of the city’s 2.2-mile, $102 million streetcar line along Main Street."
Anyone who might be concerned about Kansas City's finances would wonder . . . When will it ever stop?
The Answer: Not any time soon given that Mayor and Council seem enthusiastic about establishing more TDD's across KCMO in order to pass rigged votes.
Meanwhile . . . The only REAL consequence from this eco-devo scheme isn't the transit utopia that politicos and local corporate types have promised but really just Kansas City getting stuck with another bill.
DEVELOPING . . .
UPDATE . . . AFTER POLITICAL PRESSURE FROM THE WATER DEPARTMENT AND CITY HALL . . . THE KC BIZ JOURNAL BACKED DOWN AND "CORRECTED" THEIR HEADLINE . . .
And yet again we get a glimpse of Kansas City "correcting" anyone who dares disagree . . . I'm not "correcting" this headline because our toy train boondoggle is a fact of life no matter how much local government wants to clean up this despicable atrocity against local voters.