Friday, December 28, 2018
TKC EXCLUSIVE!!! NEW KANSAS CITY AIRPORT STILL DESPERATELY SEEKING $48-MILLION BUCKS IN 2019!!!
Credit to our blog community for keeping a watchful eye on a topic that MSM newsies either don't understand or willfully ignore.
Here's the word from an insider and City Hall dox . . .
If you look at pending ordnance 180862 at City Hall, it appears the ordnance's sponsors (Justus, Reed, Fowler, James) are still calling for transfer of $48 million to the airport bond fund from general city funds. It's scheduled to be considered again next month by the Aviation Committee. A promise was made not to use city funds to bail out the airport. Yet, there's this obvious push to use taxpayer money to keep the new airport project moving . . .
What, exactly, is the 48 mil for for? The city seems to be saying it's a temporary cash flow problem. The idea is to continue planning and design of the new airport, until bond money comes through. Then the airport will reimburse the city general fund from its big wad of borrowed bond money. What does this really mean?
TKC can help with that last question . . .
$48-MILLION BUCKS FINANCED BY CITY HALL MEANS THAT AIRPORT SUPPORTERS HAVE BROKEN THEIR PROMISE THAT TAXPAYER FUNDS WOULD'T BE USED TO PAY THE NEW AIRPORT!!!
This is the point where a local politico or Chamber geek attempts to misdirect the public with Hollywood accounting jargon.
- Aviation doesn't have the cash to cover the $48-million.
- The debate among the airlines is worse than what is being reported.
- This is only one way that KC remains on the hook for this bad idea.
Developing . . .