Tuesday, June 27, 2017

TKC BREAKING AND EXCLUSIVE NEWS!!! KANSAS CITY TAX FIGHTERS RAGE OVER DOWNTOWN CONVENTION HOTEL SECRETIVE BOND SALE PROPAGANDA!!!



The financial deets of a proposed downtown convention hotel are few and far between. Most of the reporting is simply press release copy and empty political promises.

However . . .

RIGHT NOW KICK-ASS KANSAS CITY TAX FIGHTERS FACT CHECK HOTEL BOND SALE PROMISE DELAYS!!!

Remember that the hotel has pushed back its opening at least three times already.

And while politicos claim that KC is not at risk . . . To date, $35-MILLION worth of financing secured from Kansas City is the biggest lot of cash on the table of what has been disclosed to the public.

Read more on the behind the scene hotel moves in one of the most secretive local developments Kansas City has seen in quite some time.

Checkit:

NO Bonds...No Prospectus..No Legitimate "Replacement" Ordinance!

Lots of talk lately about the downtown convention hotel including a new partner. Several newspaper articles have depicted FAKE progress on the downtown hotel. A report recently indicated the hotel had cleared the last hurdle and is ready to begin construction. The city council, with the exception of Teresa Loar and Heather Hall, greased the skids and sent the hotel package on its way. Loar and Hall were the only voices of reason.

The article goes on to state “The development team said their bond counsel will be ready within a few weeks to sell more than $100 million in bonds to help finance the project.” That was on June 9th. Here it is June 26th and the bond counsel knows nothing about a bond issue and / or a prospectus. 

WOW how could The Star get that so wrong? Did they check the developers statement? Or is the Star pushing an agenda? 

Remember on June 8th when the developer was making all these false statements in front of the city council, he knew the Hyatt Corporation had backed out of the deal yet he did not disclose it to the council. He insisted “everything its ready to go and $100,000,000 bond issue will be out own a few weeks”! How many more times will the City Council stand behind this deal only to be embarrassed? Thank goodness for Hall and Loar they have shown strong leadership in opposing this downtown hotel until all the facts are laid out on the table. 
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Developing . . .

15 Comments:

Anonymous said...

Don't ever expect KCMo to be honest about what they're doing with taxpayer money. That's your mistake right there.

Gr said...

I'm starting to wonder if we haven't already filled our quota of hotels that we need in KC right now. During the time it has taken to build this thing, almost half a dozen other hotels have cropped up. Some of them without City Hall financing. Maybe it's time to cut our losses on this deal?

Anonymous said...

Don't ever expect sLIE and Troy to be honest, these two clowns have their retirements invested privately instead of with the city's retirement plan that way when they bankrupt the city their money is safe, that's how evil these two are

Anonymous said...

When do you know Mike Burke is lying??

When you see his lips moving!!!!

Anonymous said...

The dummocrats are always ranting about transparency but when they are in charge they forget about it.

Anonymous said...


That's pretty crappy about Mayor Bullhorn's retirement, if it's true. He really is a sleaze.

Anonymous said...

Rage! Rage! Rage! against the dying of the light!.......kick-ass TKC insiders...Rage! Rage!...now go back to bed.

Anonymous said...

The dummocrats of KC won't allow secret backroom deals. Shields, Taylor, Justus and McManus will be putting an end to this corruption.

Anonymous said...

Is anyone really shocked at this point? S'lie is a lawyer by trade. Thus he's a natural wordsmith and can twist words around the truth to make a lie seem like it's the truth.

This is nothing more than a scheme to make a few people in this city very rich at the expense of tax payers. Tax payers should not be propping up corporations. No money from tax payers should be going to this project in ANY form. They keep tossing around the word "partnership" as in private/public "partnership". "Partnership" infers that we share in the profit AND the risks. 50/50. That's not what's going to happen. The public will put in over 50% of the money on this thing yet Loews, S'Lie, JE Dunn, Burke and the rest of the cronies will reap nearly all the benefits and the public will get pennies on our investment that we were given NO say in.

Speaking of that word "investment". That's a funny word that they like to throw around..."investment". As in the public is "investing" in the hotel. Well the term "investment" infers some kind of return, right? What kind of return is the public getting on this so called "investment"? Will our taxes go down as a result of the profits made from this hotel? Will Loews and/or the city cut me a check as a return on my "investment". Shit, will I even get a free drink inside this hotel as a return on my "investment"? None of the above. At best, this $167 million dollars that the city is putting towards this hotel is a DONATION to Loews, S'lie, Burke, and JE Dunn to ensure they make boatloads of money. And in the meantime we get asked to raise our taxes for infrastructure, libraries, schools, etc. All things we need, yes, but also all thing the city should already be taking care of but can't because the city elects to spend our dollars on hotels, and airports, and street cars and propping up corporations and such.

#KorruptCity

Anonymous said...

And don't think for 2 seconds that no public money will go towards the airport. Does anyone REALLY believe that Burns and Mac are going to finance this airport 100% out of the goodness of their heart with no TIFs, abatements, city backed bonds or cash from the city? Please. If you believe that then I have some beachfront property in northern Missouri I can sell you.

Burns and Mac got millions of dollars in incentives for their campus expansion. Why does it not stand to reason they won't get 10s, if not 100s, of millions of tax payer dollars for this airport they "claim" they will finance?

Anonymous said...

Sly will get it exactly as he wants it and you will help pay for it. As soon as he has stuffed this thing up your arse he will have the next pet project. You will also pay for it and he will get what he wants. You obviously love it this way as he did get elected your mayor.

Anonymous said...

Is this that CFRG group again? Coons For Rapid Gibmes?

Sly City said...

If there were real watch dogs in KC, Sly wouldn't be mayor right now after a deal like this.

Corruption at its finest.

Retro ROCKER said...

The only way The LOWES,HOTEL WILL WORK IF IT COMES WITH A OCEAN VIEW

Anonymous said...

That is your next tax payer supported project.