Friday, May 23, 2014

STL PREPARES TO REPEAT THE TRAGIC AND EXPENSIVE P&L DISTRICT MISTAKE!!!



Take a look at this fun story regarding STL that might seem strangely familiar to Kansas City taxpayers and is now receiving national attention:

The American Spectator: Meet Me in Subsidized St. Louis

The money line:

"In 2006, Kansas City began construction on its own entertainment complex, the Power & Light District. Along with $295 million in city-issued bonds, the project received funding from the same state authority, used the same developer, and was part of a similar downtown revitalization plan. Cordish built an 8-block complex furnished with corporate bars and restaurants, around an open-beverage plaza that hosts live music. It went right across the street from the $276 million Sprint Center arena, which was also be subsidized to help attract an NBA or NHL team.

"Public funding for these Kansas City projects was based on the premise that they, too, would pay for themselves through increased sales tax revenue. So how has this worked out? Nearly a decade later, the city still doesn’t have an NBA or NHL team, contributing to the under-performance of both the arena and the entertainment complex. The city now pays between $10-15 million annually on bond debt for each, redirecting sizable revenue chunks from essential services."
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And of course . . .

THE TKC BOYCOTT OF THE P&L DISTRICT CONTINUES BECAUSE OF THE RACIAL RUCKUS THAT HAS EMBROILED THE PLACE!!!

Developing . . .

12 Comments:

Pursuit of Pipe Dreams said...

That's how we get down in Kansas City.

Anonymous said...

And the place is LOW CLASS, a dump!

Anonymous said...

The 10-15 million from the general fund underestimates the actual cost when you consider that much of the sales tax collected there is redirected from other areas of Kansas City which would have been collected anyway. Then they fail to account for the additional costs associated with any entertainment area.

Anonymous said...

Link to an American spectator article?

Haha. Tonys Johnson county must have got in trouble with paddy and uncle Rexroth for questioning Monsanto...

"I so sorry Massa Touhey! Toby, I mean Tony, do anything to make it up to you, Massa! Tonys a good boy, jes don't whup me no mo'!"

Anonymous said...

They really couldn't learn from KC's mistake? Come on STL, learn from our mistakes!!! Have fun with the violence!

Anonymous said...

Niggers ruined the P&L District in Kansas City and they'll damned sure ruin a similar concept in St. Louis. It's simple, niggers ruin everything!

Anonymous said...

And Mensa boy weighs in at 2:02. No one is supposed to know about, let alone read any conservative publications.

Mensa boy must have hired someone to take that Mensa test.

Anonymous said...

The biggest difference is STL already has sports that draw people to downtown area.

Anonymous said...

If you show anyone who lives in an actual city what KC calls its "entertainment district" they think you're putting them on.
Three blocks of trees with lights, a few empty retail stores, and a dozen or so chain restaurants.
And beyond that...oblivion.
World class.

Anonymous said...

Don't go to the P&L unarmed. Don't let your daughters go there.

Anonymous said...

I met a pretty fat girl there the other day. I took her home and fucked her all night.

Anonymous said...

Simple Stl is way better than KC in every aspect. Mayor,county leadership,taxes, hipsters, actual innovation not cronies and back bitters. The list goes on an on. Left KC for STL and won't look back. Fuck sly and the shit hole murder jungle of ck aka the next Detroit.