Thursday, December 13, 2018
Kansas City Streetcar Funding Fake News Fact Check: $3-Mil Won't Pay For Much
Cheerleaders for the toy train are touting this minor win redirecting tax cash in order to further a rigged vote.
More importantly . . .
At an estimated $16.5M per mile -- Biz Journal propaganda doesn't mention that this money will only take the controversial mode of transit a few blocks.
Here's the somewhat newsworthy update:
"The Kansas City Streetcar Authority has secured $3 million in funding for its Main Street Extension project.
"The project team, which includes the Streetcar Authority, Kansas City Area Transportation Authority and the city, held a public meeting Thursday to provide updates on the Main Street Extension and the Riverfront Expansion projects.
"The transportation development district (TDD) formed with the creation of the streetcar’s starter line will provide $2 million to fund the next phase of the Main Street expansion — on the condition that it be reimbursed from the newly formed Main Street Rail TDD.
"KCATA will fund the remaining $1 million."
Developing . . .