FACT CHECK: DESPITE WORLD CUP HYPE POWER AND LIGHT STAYS LOSING AND WON'T TURN A PROFIT FOR KANSAS CITY!!!
Under the current political epoch of Mayor Sly James Kansas City has developed a nasty habit of celebrating Internets hype rather than financial reality.
Here's an example of City Hall propaganda spouted by Dead Tree Media . . .
Whatever the outcome of the World Cup, KC’s Power & Light District is a winner
It's not (always) fun for TKC to lament the demise of Dead Tree Media . . . Back when they used to do reporting, they served a vital function. Nowadays, they're more interested in corporate hype and biz partner promo like some tragic high school newspaper.
Anyhoo . . .
FACT CHECK . . . THE KANSAS CITY POWER AND LIGHT DISTRICT IS STILL ON PACE TO LOSE MILLIONS FOR CITY HALL THIS YEAR DESPITE A FEW HUNDRED PEOPLE WATCHING FREE SOCCER TV!!!
The subsidy, debt and tragic structure of a horrific deal for Kansas City assures that taxpayers will continue to take the hit on this losing P&L Deal that's still awash in racial controversy.
The Wall Street Journal provides a more accurate look at the finances surrounding this money losing scheme . . .
Sadder still . . . Kansas City is ready to double down again and subsidize luxury living space in another sweetheart deal soon to fail.
Developing . . .