Our blog community talked about this last month and now it's news fact . . .
Heavily subsidized fast-food development in Argentine moves ahead
A $1.23 million grant from the U.S. Department of Health and Human Services is the largest funding source for a $3.3 million Wendy's, Dunkin' Donuts and Pizza Hut development in Argentine, a Kansas City, Kan., neighborhood. Tax increment financing and an upfront cash contribution from the Unified Government covers most of the rest.
Heavily subsidized are the key words
ReplyDeleteGotta love a good CID, where the hidden sales tax add-on goes to the owners/developers in perpetuity.
ReplyDeleteYour tax dollars at work!!!
ReplyDeleteThe Unified Crooks is a well earned title. Guess the visit from the feds to silence the whistleblowers worked. Corp welfare is business as usual in the Dotte. And is non-profits writing big checks to themselves a-ok too?
ReplyDeleteTerrible deal for Argentine! 50% reduction in rent because it is defined as "urban development". Most residents have never seen a formal written plan and did not know that they are paying for PepsiCo, Dunkins Donuts, and Wendy's to get such a sweetheart deal thanks to them. Look at the commission video...please as it shows the discussion. Why do taxpayers have to subsidize billion dollar corporations to come in Argentine? Why? These corporations will have no skin in the game and can walk away at anytime. Follow the money and see who is really benefiting! It is not the residents of Argentine at all.
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