Friday, January 19, 2018

Sketchy Financing And Shady Hiring Promises Dominate #BetterKCI New Airport Discussions

There are more than ONE BILLION REASONS why voters shouldn't trust anyone on this doomed deal that will inevitably land somebody in jail. Read more:

Edgemoor's KCI financing will save $90M - Kansas City Business Journal

Some key numbers surfaced Thursday during a City Council discussion aimed at coming to terms with Edgemoor Infrastructure & Real Estate LLC on a memoradum of understanding regarding its roughly $1 billion plan to design, build and privately finance a new one-terminal Kansas City International Airport.

3 comments:

Anonymous said...

Will new airport get us more nonstop flights to Iceland?

Anonymous said...

What a pile of Horseshit!
Read the damn article, the reason that Edgemoor is going this route for financing has nothing to do with the EXPECTED (by whom?) savings of $90m, it has to do with the fact that these bonds can be issued by one of the "Authorities" that have been set up to get around the need for voter approval!

This article ADMITS that this method of financing will cost more than the City's issuance of Airport Revenue Bonds would, but James and Justice know that getting voter approval of City bonds would be impossible. Therefore their plan is to use the so-called "Port Authority" to issue more costly Bonds that do not require taxpayer approval and over which the taxpayers have no say whatever!

IT'S PAST TIME FOR A PETITION DRIVE TO PUT A QUESTION ON THE NEXT BALLOTTHAT WOULD ELIMINATE THIS DAMNED "PORT AUTHORITY" (we HAVE NO Port) AND BRING CITY FINANCES BACK UNDER RESIDENTS CONTROL!

Anonymous said...

Quick....list one minority or woman-owned construction company within a country-mile of KCMO..

Didn't think so.