Friday, December 21, 2018
Kansas City Affordable Housing Trust Threatens Parking Garages With $75-Million In Additional Taxes: Is It Worth It???
Remember that ever new tax on Kansas City biz is INEVITABLY passed on to consumers.
Whilst the developer crowd laments the "vague" deets of a plan to create a Kansas City Affordable Housing Trust, here's what will have to pass for an assurance . . .
In a recent tweet, Councilman Quinton Lucas noted: "Where to find $75m? There’s gotta be a parking garage or 2 we don’t subsidize and we get it quickly . . ."
Meanwhile, housing prices and cost of living is on the rise for all of KCMO and not just po'folk. One more tax from 12th & Oak just might make things worse for what looks like a tougher 2019.
Developing . . .