Tuesday, January 23, 2018

BOND FAIL BEHIND THE SCENES OF DOWNTOWN KANSAS CITY CONVENTION HOTEL?!?



Local media is reporting traffic cones and big promises with shying away from financial questions.

Accordingly, here's a gem of a comment that questions the bond sale which might be the "inspiration" for so much glowing praise from the media . ..

"The unrated, non-guaranteed "story" bonds (aka JUNK bonds) - Most recently Burke's group recast these bonds as "naked" bonds."

Developing . . . 

4 Comments:

Anonymous said...

look, the outside developers are not stupid.

if they didn't have this figured out, that would be a surprise.

Anonymous said...

^^^ I think they do have it figured out. City Hall is picking up the tab.

Anonymous said...

Why do we keep bribing business to build unprofitable projects that will be abandoned and end up as city liabilities ? Name it the Power and Jazz Hotel.

Anonymous said...

6:19, Power & Jazz...good one!