TKC BREAKING AND EXCLUSIVE NEWS!!! FAILED P&L DISTRICT WILL COST KANSAS CITY TAXPAYERS $14 MILLION THIS YEAR!!!
BRILLIANT and AWESOME TKC TIPSTERS bring us the most important local news out there and a clear indication that Kansas City's best laid plans for a so-called Downtown Renaissance have failed to materialize.
To wit . . .
THE MOST BRILLIANT TKC TIPSTERS TELL US THAT KANSAS CITY'S LOSS ON THE POWER AND LIGHT DISTRICT HAS INCREASED TO $14 MILLION THIS YEAR!!!
Previously, remember that the bill was around $12 MILLION a year.
This news represents a MAJOR HIT to this town's finances and should put all of the Downtown eco-devo projects in perspective.
The BRILLIANT INSIDER puts it in perspective . . .
"That's right $14 million and it's coming right out of the general fund where it will hurt this city most. And they're going to subsidize apartments and maybe a hotel? This is how Kansas City is heading down the road to becoming Detroit. One failed project after the next. This bill has City Council and the mayor on their heels because it's going to make the next project they try and sell to the public all the more difficult."
Obviously we think that the DEVASTATING TKC BOYCOTT had some impact here . . . But we're really just talking about bad planning.
Sadly, the AWESOME TIPSTER is right on the money and this is yet another sign that the spendthrift Mayor and Council have little regard for this town's finances or Kansas City's long history of eco-devo projects that don't live up to expectations.
Developing . . .