Wednesday, October 25, 2017

Downtown Kansas City Convention Hotel Financing Structure Switcheroo

Hype continues for this DOOMED AND LONG DELAYED project. Developer Mike Burke now has even more of his cash in the game and they've come up with a new joint venture after delaying construction for more than a year.

Loews joins venture developing KC convention hotel - Kansas City Business Journal

A Kansas City economic development agency on Wednesday assigned development rights for a proposed 800-room downtown convention headquarters hotel to a new entity. Before Wednesday's action by the Land Clearance for Redevelopment Authority, a group called KC Hotel Developers LLC, including equity investors Timothy O'Byrne and Steve Rattner, had been designated as the developer.

7 Comments:

Anonymous said...

Who cares who was designated what by some obscure agency in KC?
Show us the money!

Hyperblogal said...

This is certainly reminiscent of the Mission Mall fiasco... it's Wednesday so a new plan and new developer.

Anonymous said...

It’s called bonds and the city is putting them up, they snuck this one in and nobody knew about it

Anonymous said...

no, these people are not dumb. the project is now real.

Anonymous said...

I can't WAIT to have sex in that new hotel

Anonymous said...

If this gets finalized taxpayers are on the hook for $200,000,000! Originally it was $168,000,000 now they have snuck another 40,000,000 on the taxpayers bill. It's time to put a stop to this NO BID fiasco. Remember the estimated cost of the new airport dropped $150,000,000 or more when it went out for bids. Why not the hotel? Where is Dunns fixed price we were promised in August?. How much debt can you stand? 800,000,000 on the GO Bond, $200,000 000 for the Hotel and 1,500,000,000 for. New airport! It's you're money!!

Anonymous said...

Ain't gonna be NO MONEY for the airport.