Thursday, December 14, 2017
TKC BREAKING AND EXCLUSIVE NEWS!!! INSIDERS: IS KANSAS CITY APPROVING ILLEGAL NEW AIRPORT MOU TODAY???
Mayor & Council are set to approve the #NewKCI Memorandum Of Understanding with Edgemoor today despite a threat that the funding mechanism for the new airport might not exist if a current draft of the GOP tax break budget is passed.
Remember that private activity bonds are out of favor among the Republican majority and, just like Tiger Grants . . . They're not a Democratic Party priority amid ongoing concern over healthcare.
And so . . .
KANSAS CITY APPROVAL OF THE MOU FOR THE NEW AIRPORT IS WORTHLESS UNDER THREAT OF THE GOP BUDGET CRACKDOWN!!! WHAT MAYOR & COUNCIL ARE PASSING TODAY IS NOTHING LESS THAN A BLANK CHECK!!!
We've explained this before but here's a very eloquent KC Insider quote . . .
"Congress passed the tax bill that would eliminate the "private activity bonds" the exact same bonds that were going to pay for the airport! . . . What a fun thought that the airport vote was all for naught! If this reform sticks, Kansas City would then have to go back to the ballot to pass airport revenue bonds to pay for the new terminal!"
Even worse, we've seen the MOU and the deets are pretty horrible . . .
- 35% MBE/WBE hiring is a nice goal but that's has never happened in KC history and sets the stage for a lot of local fake inclusion.
- Nobody wants to mention $20-MILLION in up front costs which contradict City Hall promises about KC taxpayers footing the bill . . .
- A 1-BILLION-Dollar budget is a GUESS at best.
Anyhoo . . .
After a rigged vote the process threatens to move forward today with very little of the initial financial promises to voters intact.
Developing . . .