TKC THROWBACK THURSDAY: REMEMBER WHEN COUNCIL DUDE ED FORD SAID KCMO DIDN'T HAVE TO PAY P&L DISTRICT DEBT?!?
New feature for tonight suggested by some of the most KICK-ASS KANSAS CITY INSIDERS that's worth exploring.
To wit . . .
LET'S CELEBRATE AN OLD SCHOOL KANSAS CITY POLITICAL STATEMENT THAT HAS BEEN COMPLETELY PROVEN WRONG!!!
Take a look at Kansas City Council Dude Ed Ford on record with a horrible prediction.
KC Biz Journal: Power & Light District developer seeks bargain-basement valuation
Money line:
Joe Gonzalez, tax increment financing director for the Economic Development Corp. of Kansas City, said the agency’s staff is looking into how Cordish’s protest of its appraised valuation might affect repayment of TIF bonds.
“If they don’t meet the level of revenues to meet debt service, the city would be responsible in any event for the difference,” Gonzalez said.
Kansas City Councilman Ed Ford said he was told by city attorneys that the Power & Light District’s dispute would not put the city on the hook financially.
“It looks like the city is not going to have a dog in the hunt on that,” Ford said.
Fast forward to now . . . Kansas City is paying more than $14 million a year out of the precious general fund because of a revenue shortfall.
Sadly, Council Dude Ed Ford isn't up for reelection and while the P&L nightmare continues. There are no politicos to hold accountable. Think about that tonight with visions of even more upcoming debt service dancing in the heads of candidate hopefuls.
Developing . . .
Do we hold Sly accountable and elect Clay? Methinks not!
ReplyDeleteCouncil Titan Ford is a retard. End of story!
ReplyDeleteSadly, most of the council titans are either retards, feckless egomaniacs, greedy, dishonest, clueless or some combination of all of the above.
ReplyDeleteLet us not forget Yael T Abouhalkah :( The former lion of the press who has been reduced to the level of journalistic parasite... living off the dead bodies of the fired staffers he has outlasted. Well, I guess we have to credit him with wileyness and longevity Of course that doesn't make up for what he has become. Sad... He once meant something in this town. The City was better for it too! Now he, the city, the Star have been reduced to cat litter box filler for the holdouts who still subscribe to the paper.
ReplyDeleteAnyone want to sing the praises of our newest debutante... former Mayor Kay "Power and Light" Barnes? Each if the hapless City of KCMO has to make good about $30 a piece due to her financial wizardry... and that is just for the Power and Light Boondoggle!
ReplyDeleteWe were also promised that Kemper Arena could remain profitable, but now they're discussing demolition.
ReplyDeleteThere's at least one council member up for reelection that worked in city hall when that promise was made...
TKC THROWBACK THURSDAY: REMEMBER WHEN TONY BOTELLO SAID THE STAR WOULD BE PUBLISHING THREE DAYS A WEEK?!?
ReplyDeleteNew feature for tonight suggested by some of the most KICK-ASS KANSAS CITY INSIDERS that's worth exploring.
To wit . . .
LET'S CELEBRATE AN OLD SCHOOL KANSAS CITY POLITICAL STATEMENT THAT HAS BEEN COMPLETELY PROVEN WRONG!!!
Take a look at Kansas City "blogger" Tony Botello on record with a horrible prediction.
TKC; TKC EXCLUSIVE!!! KANSAS CITY NEWSPAPERS ARE SLIMMING DOWN AND FRIGHTENINGLY THIN LIKE A HIPSTER WEARING SKINNY JEANS!!!
Money line:
Soooooooo . . . I called a few people at McClatchy. Guess what? They were REALLY friendly and nice which might have something to do with the fact that the company is almost a penny stock.
Off the record, they chatted for much longer than I expected and even gave me a hint at which writers are about to hit the bricks . . . Rest assured Jeneé Osterheldt can't keep writing about Facebook for much longer now that she's quickly approaching 30 - It's just not cute anymore that a grown woman is writing a "column" that reads more like a crappy blog and could have been thrown together by a bored college sophomore.
It gets better . . .
Just like their smaller dead tree counterparts:
SOMETIME LATER THIS YEAR THE STAR WILL STOP PUBLISHING AS MANY AS THREE OF THEIR DAILY EDITIONS!!!
Fast forward to now....The Star still prints a newspaper seven days a week. Six years later! Seven days a week.
Sadly, local rumormonger and fiction writer Tony Botello isn't held accountable unless someone sues him and while the truth nightmare continues. Think about that tonight with visions of even more libel dancing in the heads of internet loudmouths.
Yup, and I remember back in 2001 / 2001 when Former Mayor Kay Barnes pushed for that Power & Light District as well as some clueless city council members as well, as they "touted" that it would bring in all kinds of Entertainment venues into Kansas City Missouri and the Profits would be enormous for the city into the Millions, is what they Touted back then, and look at it now !!!!!!!!!!!!!!!
ReplyDeleteThey just get up there and tell all these phony lies followed by more story telling & lies and the Majority of the Clueless public, just believes whatever they say !
Now - back to Mayor Sly James Toy Street Car Fiasco, Really , like in Really, like that's gonna Fly about like everything else these Dimwit KCMO City Hall people have managed to Screw Up over the Decades !!!!!
About like all the phony Bullshit back in the 1990's over the 18th & Vine District they pumped all that money into and told everybody - people from around the World will show up - Again - Really, Really,
Ya I see tons of people from Australia and Europe by the Bus loads showing up weekly to 18th & Vine, the lines so long too, guess that's why the majority of businesses left or filed for Bankruptcy down there Huh ????
Time to publically call out those morons & idiots down there at CITY Hall for their Bullshit lies and Spin Doctor Bullshit they attempt to pump up Kansas citians asses that's costing Tax Payers Millions for generations to come !
Good work 1108.
ReplyDeleteDon't forget the Ebola scare.
Next year, Big Foot.
I read TKC every day, I read the star every week. Sometimes I give Tony shit in the comment. I never comment on the Star.
ReplyDeleteI know that a lot of star reporters read this site but I notice less Star links here.
Thank about all of this.
Have a good night guys!
At 11:08 at night, you gave a good portion of your life to this blog and you've made this same comment over and over. So you're a constant reader. Those kind of people are TKC's bread and butter. You read this blog because you couldn't stop if you wanted to.
ReplyDeleteSorry but you can't keep complaining if you keep coming back. It kind of makes you seem crazy like so many of the former Star employees that they had to let go.
Byron loves SN
ReplyDeleteEd Ford is a jerk who thinks he knows better than anyone else. The sooner he's gone the better.
ReplyDeleteTony's over exaggerations and whims don't cost the taxpayers of this town millions of dollars, that's the major difference.
ReplyDeleteStreetcar clowns are letting their hatred for Tony cloud their rational thought and ability to see what a disaster and bottomless moneypit this thing will be.
I think the boobs have driven us all crazy.
ReplyDelete11:08: The Star still puts out seven days a week, but it's getting to be like Gertrude Stein's comment on Oakland. There's no there there. Thursday's paper was so small the papers were blowing out of the driveways in my neighborhood. Even Nebraska Furniture Mart's ads didn't provide enough heft.
ReplyDeleteThat said, there are still some cities with good newspapers. Kansas City is just not one of them.
I was all for the P&L when it was announced because I lived and worked near it before Sprint Center and all was built. I knew what downtown was before the renaissance. It was pretty much surface parking lots, sleezy establishments and blight that people couldn't wait till 5pm to arrive so they could make tracks back out to their homes in the suburbs. Downtown needed a HUGE makeover.
ReplyDeleteThat said, the way this thing was handled and financed probably couldn't get any worse. Putting tax payer dollars at risk on some false projections was irresponsible, misguided, moronic and just flat out dumb.
Tax payers are losing about $14M/year to back the bonds that went into financing the P&L. Curious how much money Cordish is losing? I'm guessing not nearly that much if anything at all with the likelihood that they are actually turning a pretty significant profit. Seems fair, right?
And the people behind this deal are supposed to be intelligent people who we are supposed to trust with our tax dollars and such? Seems like every major deal our elected officials sign up for ends up a bad deal for tax payers. And we're supposed to get on board with the street car and other major projects and such? Where is our sports team for the $276 million dollar concert hall we were promised all those years ago?
Good luck getting my vote for any such projects in the future. Fool me once...I voted for Sprint Center because I was fooled into thinking they were actually going to get us the NBA/NHL here. They better hope Sprint Center lasts until the end of time because they won't get my vote for another arena or any other major project of the sort in the future.
11:08 The Star puts out three days of the old paper's content but throws it seven days a week.
ReplyDelete