TKC BREAKING AND EXCLUSIVE NEWS!!!! DOWNTOWN KANSAS CITY HOTEL PROJECT NOW CONFRONTS ONE YEAR DEADLINE!!!!
Under the radar, this afternoon City Council passed an important amendment to the proposed and extremely controversial Downtown Hotel project which limits the time for developers to put together financing.
ACCORDING TO A KICK-ASS KANSAS CITY INSIDER: "They have until 9/17 to get this stupid thing done. I'm sure nothing is ever going to happen with this debacle!"
Accordingly . . .
NOW ON A STRICT DEADLINE . . . THE DOWNTOWN KANSAS CITY HOTEL PROPOSAL HASN'T EARNED MANY INVESTORS OR INTEREST FROM FINANCIAL BACKERS OUTSIDE DEVELOPERS!!!
This is curious given that Visit KC claims there are 24 MILLION tourists find their way to this cowtown every year. It seems like so much tax subsidy and a great location would invite big money interests to build something here . . . However, critics were obviously correct when they asserted that if the venture held so much promise, private equity would've made the deal long before City Hall stepped in to put it together.
And so . . .
Once again City Hall taxpayer subsidy stays losing as the Council wisely decides to limit the exposure of this town's budget for a hotel project that THANKFULLY is falling apart.
Developing . . .