MASSIVE DOWNTOWN KANSAS CITY LUXURY APT. SUBSIDY IGNORES SIGNS THAT REAL ESTATE MARKET BUBBLE SOON TO BURST!!!
As the market awaits a correction, Councilman Jim Glover told colleagues to think of big money spend on luxury living space "not as a subsidy, but an investment" while the totals are already rather astronomic, underwriting construction of the 24-story Two Light luxury apartment tower and its parking garage for up to $17 million and endorsed what amounts to 50 percent property tax abatement for 25 years. The reality is that the U.S. living space market AND Kansas City are overdue for a correction and as soon as interest rates are raised one bit . . . Downtown development schemes will take another massive hit. Take a look: Kansas City Council Approves Big Dollars For Apartment Tower, Discrimination Complaint
Poor widdle subuwbanites! Awe you bein ingowed the big bad meany stinky weal estate mawket? Tell mama all about it! There there, everybody want to have a nice stucco McMansion in susbidized suburban sprawl just like you! Don't let those meany stinky poo poo pantses ignore you! You are a big white man and you matter! Make mommy a comment about it on the intrynetz! That'll make it all better!
ReplyDeleteApropos of nothing, but perhaps it functioned as therapy for you.
Delete7:30 is so ignorant s/he doesn't even realize s/he is being mocked!
DeleteOr perhaps your mockery needs work. I mean, we get it, you hate suburbs. Maybe read it through first?
DeleteYes folks Glover says it's an investment!!! Luxury apartments you'll never live in! Forget about health care, sending your kid to college, and all the other bills and obligations you have to wrestle with every day and week and month this is a real investment!!!!
ReplyDeleteBankers, lawyers, engineering architects, politicos dotting the far suburban estates or mission hills or lake quivira, **insert golf villa here**WHILE the bourgeois stack on the shelf into a box yielding ROI most phenomenally thanks to lux lease rates and TIF GRIFTS.
ReplyDeleteVibrant city life stunning views astounding interiors -- and better check what the max height of aerial ladders KCFD has. Twenty four stories...ladder reach what, 94 ft., hmmm ?? Going down, anyone??
Hilariously ignorant post. Ugh, you do know the building's structure is concrete, don't you? You might have heard of if, it's that fireproof material. Should allow sufficient time to evacuate in the remote chance of fire. Oh, and those handy firs sprinklers help too. But why let facts get in the way? Progress scares small minds...again.
DeleteNot even close to the point, but keep talking to yourself, we don't mind.
DeleteShit, even the meth-heads are less crazy than the progress fearing imbreds posting these days.
DeleteTIF is usually offered to provide parking in dense developments. Nevermind that they will charge their tenants a monthly parking fee or that the streetcar fanatics are secretly grumbling that we're adding additional parking downtown. $17M could fix a lot of sidewalks in this city.
ReplyDeleteA distant 4th place out of 4. Guess that tells you how much KC cares about your opinion.
Delete6:52: As if you could afford one of these apartments!
ReplyDeleteHey cowards, guess it's your unlucky day because I can afford one, hell I can afford two, I vote, and I donate to council candidates who aren't afraid of progress. Now be a good little boy and sit in your trailer, take your herpes meds and STFU and let the men run this city!
ReplyDeleteWrites 9:23 from the comfort of Mission Hills as he reviews his city construction contract for loopholes.
ReplyDelete