Tuesday, June 27, 2017
TKC BREAKING AND EXCLUSIVE NEWS!!! KANSAS CITY TAX FIGHTERS RAGE OVER DOWNTOWN CONVENTION HOTEL SECRETIVE BOND SALE PROPAGANDA!!!
The financial deets of a proposed downtown convention hotel are few and far between. Most of the reporting is simply press release copy and empty political promises.
However . . .
RIGHT NOW KICK-ASS KANSAS CITY TAX FIGHTERS FACT CHECK HOTEL BOND SALE PROMISE DELAYS!!!
Remember that the hotel has pushed back its opening at least three times already.
And while politicos claim that KC is not at risk . . . To date, $35-MILLION worth of financing secured from Kansas City is the biggest lot of cash on the table of what has been disclosed to the public.
Read more on the behind the scene hotel moves in one of the most secretive local developments Kansas City has seen in quite some time.
NO Bonds...No Prospectus..No Legitimate "Replacement" Ordinance!
Lots of talk lately about the downtown convention hotel including a new partner. Several newspaper articles have depicted FAKE progress on the downtown hotel. A report recently indicated the hotel had cleared the last hurdle and is ready to begin construction. The city council, with the exception of Teresa Loar and Heather Hall, greased the skids and sent the hotel package on its way. Loar and Hall were the only voices of reason.
The article goes on to state “The development team said their bond counsel will be ready within a few weeks to sell more than $100 million in bonds to help finance the project.” That was on June 9th. Here it is June 26th and the bond counsel knows nothing about a bond issue and / or a prospectus.
WOW how could The Star get that so wrong? Did they check the developers statement? Or is the Star pushing an agenda?
Remember on June 8th when the developer was making all these false statements in front of the city council, he knew the Hyatt Corporation had backed out of the deal yet he did not disclose it to the council. He insisted “everything its ready to go and $100,000,000 bond issue will be out own a few weeks”! How many more times will the City Council stand behind this deal only to be embarrassed? Thank goodness for Hall and Loar they have shown strong leadership in opposing this downtown hotel until all the facts are laid out on the table.
Developing . . .