TKC BREAKING AND EXCLUSIVE NEWS!!! KANSAS CITY INSIDERS: BEHIND THE SCENES TAXPAYER SUBSIDIZED DOWNTOWN CONVENTION HOTEL DEAL CRUMBLING!!!
This morning we awake to important Kansas City development news for all of the local movers and shakers who are eager to get down to biz. Sadly, it doesn't look like a proposed vanity project inside the loop is doing much of any business at all.
To wit . . .
KANSAS CITY INSIDERS REVEAL MORE CONCERN ABOUT THE DOWNTOWN CONVENTION HOTEL DEAL THAT'S FALLING APART!!!
Here's the word according to KICK-ASS TKC INSIDER TIPSTERS who obviously know the players and what's happening (and not happening) with this controversial project that continues to unfold . . .
"The revised contract for the convention hotel was taken off the TIF commission agenda tomorrow, at the request of the developer. Public Service Advocates had a meeting with Kerry Tyndall and Randy Landes yesterday, and these two City Hall corporate subsidy officials had even less to say than usual. The Mayor's #######
director henchman also attended the meeting as a political minder, texted notes somewhere, and contributed nothing of substance . . .
"There is a growing sense of unease that the City is getting in deep, despite the promises that taxpayers would not be footing the bill for Burke Plaza Tower hotel. The (few real) investors and the convention bureau have cowed the Mayor Sly James Administration into revenue guarantees. Troubled hotel indeed, looking not-so-good for taxpayers, and for other downtown hotels facing a monstrous, overly subsidized competitor. Like Power and Light do we have wildly inflated estimates of revenue propped up by public guarantees? For the sake of future generations let's hope not . . ."
Even closer to the source . . . Other insiders believe this hotel has been an unworkable project and basically nothing but a promotional hype fest for quite some time.
Developing . . .