Monday, June 24, 2019
TKC BREAKING NEWS!!! TOY TRAIN REVENGE!!! EMERGENCY ORDINANCE INTENDS TO FINANCE $185-MILLION KANSAS CITY STREETCAR EXTENSION!!!
There's one last slap in the face coming from City Hall amid a legacy of voter suppression and property tax gentrification along Kansas City's embattled streetcar line.
As always, the MOST AWESOME AND RESPECTED denizens of our blog community get first word:
TKC TIPSTER: "Mayor & Council end their term on a spending & borrowing spree"
Here's the damage . . .
Check the evidence FIRST on TKC;
Ordinance #190510: Stating the intent of the City Council to finance the streetcar system expansion project in an amount not to exceed $185,000,000.00; establishing Fund No. 3440, the Special Obligation Series 2020B Fund; estimating revenue and appropriating $9,100,000.00 in Fund 3440, the Special Obligation Series 2020B Fund; authorizing certain streetcar-related agreements; approving a plan of finance for the streetcar expansion; designating requisitioning authorities; authorizing the Director of Finance to close project accounts upon completion; declaring the intent of the City to reimburse itself from the bond proceeds for certain expenditures; and recognizing this ordinance as having an accelerated effective date.
What does it mean?
Notice the ordinance is unsigned and pushed forward after the election with little recourse offered to voters. This is the same way Mayor Sly passed the controversial convention hotel.
To wit . . .
STREETCAR SUPPORTERS SEEK HELP FROM CITY HALL TO FUND THE TOY TRAIN EXTENSION WITH A BIG MONEY REQUEST WITHOUT VOTER CONSENT!!!
This the end of the line for Mayor Sly following a questionable career championing development over neighborhood interest that has now been rejected by the local electorate with the defeat of his endorsed successor Jolie Justus.
Let's not forget that this angle basically admits there's no funding coming from the feds after the Trump administration has turned its back on streetcar projects across the nation.
More fun facts . . .
More than 50K voters rejected any streetcar expansion without CITYWIDE voter approval first.
This streetcar phase II plan was basically rejected by voters back in 2014 as well.
With CONSTANT FED FUND REJECTION, toy train supporters are BREAKING their promise and reaching directly into the pockets of KCMO taxpayers by way of bond financing.
Of course we'll get flack from this but an EPIC BOND ASK like this one basically represents a tax increase or, at the very least, an allocation of resources & credit that could be used in other places that, many believe, need more attention than this gilded streetcar line.
Finale . . .
More than anything, the fate of this sneaky, emergency streetcar cash grab reveal to voters if Mayor-Elect Quinton Lucas is serious about his effort to curb expensive real estate speculator freebies and listen to neighborhoods over Downtown hype.
Developing . . .