Tuesday, July 02, 2019
DOWNTOWN KANSAS CITY FANBOY SOCCER CLIMAX AT P&L DISTRICT!!! WORTH MILLIONS OF BUCKS ANNUALLY?!?
Today's big event inside the loop was highlighted by MSM and seen by fans of women's soccer around the world, which has to be at least 3 or 4 dozen more people . . .
Here's a glimpse of the cowtown cheering section:
Fans at Power & Light celebrate as USWNT reaches Women's World Cup final
The event is kinda billed as a rally against Prez Trump:
TPM: Rapinoe’s Girlfriend Hits Trump: She’s Going To Do Her Thing ‘To Her Own Damn Rhythm’
Atl: The U.S. Women’s Soccer Team Is in the Finals. Here’s Why It Matters.
FTW: Sue Bird defends Megan Rapinoe after Donald Trump tweets: 'You just cannot shake that girl'
However, we note a more practical concern . . .
IS ANOTHER BIG, SWEATY PARTY INSIDE THE P&L DISTRICT WORTH MORE THAN MILLIONS FROM THE GENERAL FUND?!?
A few important facts to contemplate tonight . . .
City manager Troy Schulte said that, in the first few years, the district was generating about $5 million in tax revenue, leaving a $15 million gap that had to be filled from the city's general fund.
In the last fiscal year, the total debt service was about $20 million, but the district was only able to generate $4.7 million in tax revenue. Taxpayers had to pick up the rest of the tab.
Over the past four or five years, Schulte said, city leaders have had to take an estimated $13 million to $15 million a year to close the debt service funding gap.
The city restructured the financing to a 30-year note and extended the debt to 2040 . . .
Another fun fact is that the revenue situation is worsening according to City Hall insiders and this monstrosity is costing even more cash.
You decide . . .