Yes taxpayer subsidies are being served up full steam ahead for apartments, hotels, and to keep people happy living downtown so they don't up and split once their property taxes go up to the level anyone who doesn't live there has to pay.
The subsidized apartments are already raising rent to a point that millenials, the very people that supposedly all this was supposed to attract, have to move out of downtown. Subsidized buildings and increasing rent mean nice profits for the out-of-town corporations like Cordish. And the KCMO government continues to act as the middleman shoveling tax money out the door. Who ends up paying for the extra services these "high-end" apartments require? YOU.
Yes taxpayer subsidies are being served up full steam ahead for apartments, hotels, and to keep people happy living downtown so they don't up and split once their property taxes go up to the level anyone who doesn't live there has to pay.
ReplyDeleteThe subsidized apartments are already raising rent to a point that millenials, the very people that supposedly all this was supposed to attract, have to move out of downtown.
ReplyDeleteSubsidized buildings and increasing rent mean nice profits for the out-of-town corporations like Cordish.
And the KCMO government continues to act as the middleman shoveling tax money out the door.
Who ends up paying for the extra services these "high-end" apartments require?
YOU.