Friday, July 21, 2017
KANSAS CITY TAX FIGHTERS: VOTERS DESERVE ANSWERS ON DOWNTOWN CONVENTION HOTEL $40-MILLION SHORTFALL FINANCIAL FIASCO!!!
A former financial back of the Downtown Kansas City Convention Hotel revealed that the financing was not in place during his company's participation.
The Biz Journal broke one of the most important development stories this year but then blew the headline . . .
They saved it with the leade that basically tells the whole story . . .
KC Biz Journal: "A senior Hyatt official said he was surprised to learn a few months ago that KC Hotel Developers LLC was coming up $30 million to $40 million short on equity for the convention headquarters hotel project."
Behind the scenes, it looks like local tax fighters helped them research the story and recently they sent out some behind the scene insight and this call to action:
CFRG: "We should all contact our respective City Council members and DEMAND they get to the bottom of this. This downtown convention hotel project has been an embarrassment for the City for several years. How can we ever have an open and honest dialog with our elected officials when they allow this type of behavior to go on under their noses? Only Heather Hall and Teresa Loar were astute enough to pick up on this charade and constantly ask more questions. Like us the they were stonewalled and nobody would stand behind them . . . City Council, it’s time for you to step up and demand answers!!"
You decide . . .