Thursday, March 07, 2019
WHEELS UP!!! NEW KANSAS CITY AIRPORT GROUNDBREAKING DEPENDS ON SKETCHY $90-MILLION SHORT TERM LOAN!!!
First of all . . . The "Wheels Up!!!" tagline touted by hack consultants sounds like a vaguely nasty (and thus kinda hot) command for submission during consensual intercourse.
But I digress . . .
MORNING DISTRACTION FOR MSM WANTS THE PUBLIC TO FORGET THAT THE NEW AIRPORT NEEDS A $90-MILLION SHORT TERM LOAN TO MOVE FORWARD!!!
A glimpse at the EMERGENCY ordinance sponsored by council lady Justus:
#190128: "Approving the issuance of Taxable Airport Special Obligation Bond Anticipation Notes (Kansas City International Airport Terminal Modernization Project) Series 2019 by The Industrial Development Authority of the City of Kansas City, Missouri in an aggregate principal amount not to exceed $90,000,000.00 to finance a portion of the costs of the Kansas City International Airport Terminal Modernization Project prior to the issuance of bonds to finance such costs; approving and authorizing certain documents and actions in connection with the issuance of such notes; appropriating revenues in the amount of $3,000,000.00 in Fund No. 8300, the Kansas City Airports Fund; and recognizing an accelerated effective date."
NOW THE PROMISE IN WRITING IS NOTHING MORE THAN THIS: AIRLINES AGREE TO PAY BACK THE MONEY FOR 9-YEARS & THEN NEGOTIATE!!!
Sadly, this kind of cash will take MUCH longer than that to pay off and it's likely that half of the airlines who signed the "user agreement" won't be in business by the end of the loan life span.
One more time for the cheap seats . . .
GROUNDBREAKING FAKE NEWS IS A DISTRACTION SO CITY HALL CAN GIVE AWAY $90-MILLION BUCKS WITHOUT VOTER SCRUTINY & MSM IS COMPLICIT!!!
Like it or not, this is the real fight to see how Council protects KCMO Taxpayer cash.
KCTV5: Wheels up - Groundbreaking for new single-terminal at KCI set for March 25
KSHB: The groundbreaking, set for 2 p.m. outside of Terminal A’s parking structure, is the formal start of the $1.5 billion project that has been several years in the making.
Fox4: The single-terminal airport will have 39 gates. Alaska Airlines, American, Delta, Southwest, and United have all signed the deal, so did shipping companies FedEx and UPS. Spirit, Frontier and Allegiant did not sign the agreement.
UPDATE: THE $90-MILLION SHORT TERM RIP-OFF JUST PASSED COMMITTEE!!!
Developing . . .