Wednesday, June 12, 2019
Proposed Downtown Kansas City Luxury Boutique Hotel Hopes New Council Will Keep Handing Out Downtown Developer Freebies
A pause and punt for today with the hope that VOTERS FORGET PROMISES TO FOCUS ON NEIGHBORHOODS AFTER THE ELECTION and the gravy train inside the loop keeps on running long after the plebs have cast their ballot.
Remember that both candidates have supported corporate welfare for developers after making agonizing speeches and pushing for a few caveats along with legislation that can be easily outmanuvered by emergency ordinance.
Despite the glut of downtown hotels, don't be surprised if this one earns at least some of the big bucks that it's asking if only because the location is nice AND everybody else has had a turn.
Here's a quick update and a reminder that Democracy is just one of many obstacles facing successful businessmen . . .
KC Biz Journal: Luxury hotel developers win delay at TIF Commission, pushing vote after municipal election
A Kansas City incentive-granting body opted to delay a vote that could grant incentives to a $63 million plan to construct a luxury hotel near the Kauffman Center for the Performing Arts. It likely won't be voted on by the current City Council and instead would be an issue the next City Council would face shortly after their term begins.
The delay came nearly a month after the Tax Increment Financing Commission originally heard the proposal for the hotel, which requested a 75% tax abatement for 23 years, among other incentives. At the time, the request was continued until this month's meeting.
Developing . . .