"The (Platte County) Commission's lawsuit has saved Platte County tens of millions of dollars," Todd Graves, a Graves Garrett LLC attorney representing the county, said in a statement. "This is a great day for taxpayers — and a firm rebuke to financiers attempting to abuse the public treasury."
More deets for subscribers on a fundamental flaw in the American economy -- The Internets cut out the middle-man in purchasing cheap Chinese junk. Here are the consequences and yet another nearly abandoned "entertainment district" in KC proper:
A judge ruled that Platte County is not responsible for covering shortfalls on bonds tied to the Zona Rosa retail project. UMB Bank, trustee for the bonds, argued that the county was responsible for shortfalls in certain circumstances, but Platte County Circuit Court Judge James Van Amburg issued a summary judgement Thursday stating that the county isn't legally obligated to do so, per a 2007 financing agreement.