Opinion, Jokes and Stories from KC
Yes the home owners are paying for the rich developers. But isn't that what they wanted? They keep voting for it.
Obviously the sticker with the 200% increase needs to increase his lobbying budget downtown. You get what you pay for, after all!
The whole fiasco has pretty much gone the famous and predictable Kansas City Quiet, which means...Everyone is going to hang separately in front of the assessment board when they have to appear for their appeal. IF that is, your fortunate enough to even get an appointment to appeal at the rate things are going.
TOP PHOTO -- TWO LIGHT A LOAD(L > R)Not politically-active bungalow vs. generous contributor to Sylvester James gets taxes bundled low!!!
Local Real Estate Industry is loving it. Foreclosure city is on the way baby!Deals and steals galore. Take a look at Gail Beatty's contributors list sometime.
Ours was assessed at $300K. Problem is it is only worth $130K. Some guy came by who said he's working with investors and offered us $112K cash.
^^Take better care of your home! Fix that piece of shit up. The neighbors fucking hate you!
The meme posted is misleading because One Light wouldn't exist without tax breaks so no one would be getting tax money from that space anyway. However, its residents do pay taxes on gas, groceries, food, and downtown commercial prices are heavily taxed
10:32 you obviously never took an econ course. Do you think the renters in One Light came out of thin air? They came from other apartments or homes that are now worth less because of the loss of tenants. Or perhaps the land would have sold for less, making it cost effective without subsidies. Or One Light might have been built without any subsidies. No one can ever know exactly the result of subsidies except that by the laws of economics the metro will be the loser.
Thank you Go4KC @10:32 for explaining to us "commoners' how stupid we are!We foolishly thought the corrupt City Government we have been subjected to for eight years didn't care at all about the Resident Taxpayers, but you showed us we were merely too dumb to realize how good we have!I personally thought that someone owned the property Cordish built on, and foolishly believed they paid taxes the same as any other Downtown Property Owners did, "pre-Sly"!
^^you're welcome. You certainly are that stupid. Now go cry about something else!
Slie should be ashamed for what he has done to this city.
^^and yet he's not, and you're here with his name in your mouth. Weird.
Most likely nothing would have been built at One or Two light since it was part of the downtown revitalization package of the last 15 years so it's dishonest to assume anything would. You have 100 or new residents living downtown and paying incredibly high sales tax at the grocery store, restaurants, etc all downtown. And the city wasn't cannibalizing itself because most downtown residents of the last 5+ years are suburban and Kansas transplants, so I guess JOCO is missing out on that but who gives a shit
11:04: +1000 AND you triggered gopher.
Do you have some reason to believe there was a developer willing to develop the area between 10th and 12th street and Main St and Grand who would have done it without tax incentives? If not the city did the right thing. The area wasn't generating any tax revenue before Cordish developed it, and would still not be generating any tax revenue if not for the Cordish development. So do you want the increased albeit capped tax revenue for 20 years, the sales tax revenue from the businesses in the Power & Light and the 1% earnings tax from the employees' wages or would you prefer blight that's not generating any property taxes, sales taxes or earnings taxes? It's your choice.
The city blighted the downtown real estate market. The so called revitalization area was in effect a form of redlining. Little fish developers could not then get financing (or prospective buyers of individual parcels could not get financing). So, the free market was not allowed to lower prices till the point where prices would result in sales. The city used condemnation or threat of condemnation to assemble the parcels on behalf of the national big fish developer who then controls a large parcel area, owns the area and functions according to monopolist rules. The city picks winners and losers, the bigger the winner the better. The city provides much of the investment,). the developer gets all the profit (which is sent to Baltimore or offshore
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