Wednesday, January 17, 2018
TAXPAYERS 'OBLIGATED' TO SUBSIDIZE CORDISH 'THREE LIGHT' DOWNTOWN KANSAS CITY LUXURY CONDOS!!!
A glimpse at the future inside the Downtown Kansas City loop as $2500-a-month rent moves out of style and developers now rely on foreign investment to finance their real estate schemes.
Example . . .
KC Biz Journal: Cordish's executive director for the district, confirmed that the company has considered selling as much as 10 percent of the $300 million Three Light project’s 300 units as condos.
Remember that City Manager Troy Schulte said the city is obligated under its 2004 master development agreement with Cordish to build the parking garage for Three Light, estimated cost $17.5 million.
Translation: Broke-ass local residents are going to finance amenities that they'll never be able to afford, use or benefit from . . .
Developing . . .