Friday, April 21, 2017

City Hall Sweetheart $50-MILLION Deal STILL Not Enticing Enough Investors For Sketchy Downtown Kansas City Convention Hotel

More on this in a bit but for now check this round-up as City Hall signs off on tax increment financing and other incentives, pledges to contribute $35 MILLION IN CASH and agrees to donate part of the site . . .

Convention hotel hits 'great milestone' as KC signs off on plan - Kansas City Business Journal

The Kansas City Council gave final approval to a $310 million convention hotel after the plan has spent months laboring toward a groundbreaking. The Kansas City Star reports that the plan for a Hyatt Regency convention headquarters hotel won unanimous approval, though two vocal opponents of the plan missed the vote.

3 Comments:

Anonymous said...

Nothing the biz journal loves more then shoving them tax incentive, tax cut for millionaires stories into taxpayers faces.

Hyperblogal said...

Wishful thinking will not entice private money...the project has to make sense.

Anonymous said...

Where is the financing term sheet Schulte promised??