Wednesday, December 06, 2017

TKC BREAKING NEWS!!! FINANCE COMMITTEE SHUTS DOWN COUNCIL ORDINANCE FOR DOWNTOWN KANSAS CITY HOTEL FINANCIAL TRANSPARENCY!!!



A couple of other local media outlets tout today's vote on the Downtown Convention Hotel as a win despite the implication of far less municipal oversight and financial accountability for developers.

Today's City Council aftermath . . .

The Finance Committee voted unanimously against an ordinance hoping to provide answers regarding the complicated structure of a City Hall deal to fund the Mike Burke Hotel with $35-MILLION in cash & $7-Million worth of donated land.

Even worse, there were legal threats against the ordinance in order to clear the way for more City Hall secrecy.

Bottom line . . .

CITY HALL IS GIVING AWAY $42-MILLION BUCKS WITH TERMS THAT ARE COMPLETELY UNDISCLOSED TO THE VOTING PUBLIC!!!

This may or may not be a big deal considering that KCMO voters were denied any input into this decision after a voter petitions and signatures were rejected.

And so, a series of drawings backed by closed-door meetings is all that is required for City Hall to "invest" or give away MILLIONS without so much as a peep from any media outlet in Kansas City.

Developing . . .

6 Comments:

Anonymous said...

I'm sure this thing will be a hit, we'll make that money back in no time.

Greg G. said...

City legal determined that the ordinance might not be lawful because it would undo elements of a master financing agreement a previous City Council approved for the project in 2015.

Remember that was the ordinance passed on the last week many former council members termed out as their big F-U to Kansas City.

So thank Ed Ford and Cindy Circo for this one.

Anonymous said...

Groundbreaking in January. See you there!

Anonymous said...

Is this real estate Bankruptcy #3 for Burke?

Anonymous said...

It was jolie's motion to vote no. She will be the next Mayor of KC. Good luck with that!

Anonymous said...

KC for sale!

Don't wait for bankruptcy!

CALL NOOOOOOOOOOOOOOOOOOOOOOOW!