Wednesday, December 06, 2017

CELEBRATE!!! DOWNTOWN KANSAS CITY CONVENTION HOTEL ANNOUNCES GROUNDBREAKING FOR THE THIRD TIME!!!



Developer Mike Burke & Company are hoping to get lucky on their announcement this time around despite persistent questions about financial deets from from a coalition of Council members.

Remember . . .

Developers promised a groundbreaking in the Spring of this year.

Then they pushed the date back to June.

WILL THIS THIRD GROUNDBREAKING ANNOUNCEMENT PROVE TO BE A CHARM FOR AN EMBATTLED PROJECT THAT HAS OFFERED MORE PROMISES THAN FINANCIAL DEETS?!?!

Consider . . .

- Bond companies tend to shy away from the kind of controversy that has surrounded this project.

- Amid so many delays, there have been other more successful hotels built in and around Downtown so the need for space isn't as desperate as it was years ago . . .

- Wayback Wednesday: Anybody Remember The Vista??? That didn't work out either . . .

Either way, here's a collection of links on the topic of yet another real estate project dominating the discussion at City Hall at Kansas City still copes with an inordinately high murder count at the conclusion of this year . . .

KCMO: Convention center hotel set to break ground in January 2018

Northeast News: $42 million in taxpayer money. That’s the city’s ante in the newly revived downtown convention hotel project, being pushed by developer Mike Burke at the behest of Mayor Sly James and his tax and spend City Council.

Downtown Council: The $322 venture will feature an upscale restaurant, bar and lounge areas as well as associated retail. There also will be a two-story meeting space above three levels of parking, with an elevated walkway over Wyandotte Street that connects the hotel with the Bartle Hall Convention Center. The City of Kansas City, Missouri, is committed to this investment since it is expected to significantly increase economic development, in turn benefiting the entire city.

Developing . . .

11 Comments:

Anonymous said...

KC continues to repeat our history of bankrupt projects.

Jameson said...

Again and again and again - If it was such a great idea, why does KC need to pay for it and why isn't Loews footing the bill by itself? Seems like they would get pretty hefty tax incentives if they did it with their own money. Why should KC go into the hotel business?

Anonymous said...

KCMO government wants to get involved in the hotel business for the same reasons that they're in the entertainment business, casinos, apartment building, engineering company headquarters, or all the other "businesses" that the city heavily subsidizes or outright owns.
It's lots more fun f.or the electeds to play real estate and business developer than it is for them to have to address boring issues like homicides, street maintenance, or sewer and water systems.
And, if they really play their cards right, there are lucrative deals and jobs waiting for them at the end of their terms.
Just make believe that the role of government is economic growth and jobs.
And leave all that boring stuff to unsupervised employees with no accountability, nonprofits, and programs brought in from out of town.
It's worked for KC politicos for decades and from the low election turnouts and results, the residents/voters apparently think it's just fine.
But you have to wonder just how deep that "unappropriated balance" in the city budget really is.

Anonymous said...

Hopefully the girl councilmen can put an end to this.

Anonymous said...

Will the toy train go there?

Hyperblogal said...

By the time the voters find out what's really going on with this "secretive" deal, the promoters will be long gone.

Anonymous said...

Yes plans for our popular streetcar include a special turn off and right into the front covered entry of this fabulous hotel! No need for cars in downtown KC!

Unknown said...

I hope there's wi-fi UNLIKE at the now-former American Royal complex. I attended a home show there last winter and quickly realized why KCMO lost the event to KCK. This isn't 1998, folks!

Anonymous said...

Jumping full scale into a declining industry with increasing competition. They might as well invest in Sears.

Anonymous said...

Once new hotel opens and it is not used, we will be told it is because of the convention center. It needs to be enlarged again at taxpayer expense. We have been down this road many times before.

Anonymous said...

City will get it back in bus fair and earnings tax from all those $12 an hour jobs that will created, the state will pay for the ebt cards.