Tuesday, December 12, 2017
TKC BREAKING NEWS!!! TWO LIGHT ANNOUNCES EARLY MOVE-IN DATE AS COUNCIL OPPOSITION MOUNTS AGAINST MORE TAX BREAKS FOR NEXT TWO CORDISH LUXURY APARTMENT PROJECTS!!!
Council is quickly taking sides over more tax subsidy for Downtown Kansas City Luxury living space.
Cordish recently announced updated move-in dates for Two-Light and at the outset of the project builders revealed the they wanted to to start Three-Light before construction was complete.
However, the Go-Bond vote and the airport election sidetracked tax breaks for local luxury life.
Accordingly . . .
AS KANSAS CITY ELECTION SEASON APPROACHES, COUNCIL IS HESITANT TO OFFER MORE FREEBIES FOR THREE & FOUR LIGHT LUXURY APARTMENTS!!!
Here's a hopeful but balanced view from a Kansas City Insider . . .
"They'll get their money but it won't be easy. They'll have to sneak it through and there are already a couple of NO votes waiting. What's fun about the new projects is that they'll clearly demonstrate that the TIF legislation authored by Councilman Lucas isn't worth the paper it's printed on . . . As usual, an accelerated ordinance will override most of the Council's good intentions and money for the new buildings will be easily approved."
To be fair, the Downtown hype machine seems to love these buildings despite a connection to Jared Kushner and Team Trump.
And while tax breaks for luxury living space might threaten advocates for schools & libraries . . . Overall, City Hall money aimed at serving the growing number of big money downtown denizens is something that most corporate donors, lawyers and consultants celebrate given that KCMO has the best Democracy that money can buy.
Developing . . .