Thursday, October 24, 2019
KANSAS CITY TIF COMMISH REJECTS $63-MILLION PERKS FOR LUXURY HOTEL!!! DOWNTOWN RENAISSANCE DEAD?!?!
Social media keyboard pundits call this an end of an era and the outset of more accountability at City Hall . . . Meanwhile, locals who REALLY watch this game realize that the Whitney Kerr crew have consistently met with fierce opposition for their upscale ideas which have ALWAYS been a favorite punching bag for eco-devo hawks given the grandiose schemes.
Nevertheless, the smack down and cheering from the unwashed masses begs the question:
IS THE KANSAS CITY 'DOWNTOWN RENAISSANCE' DEAD GIVEN WIDESPREAD CELEBRATION OVER THIS LUXURY HOTEL SMACK DOWN?!?!?
With rising taxes, higher bills and more crime . . . Voters seem dissatisfied with the economic theory claiming that big money development will lift up the rest of KCMO.
Here's the roundup . . .
"A $63 million luxury hotel proposed near the Kauffman Center for the Performing Arts will face a tougher road to a city incentive package after a big rejection on Thursday. The Tax Increment Financing Commission of Kansas City voted 8-3 to deny a request for a massive incentive package after six months of delays that the panel offered to the developer in an effort to generate agreement among all concerned parties. The development team is led by Whitney Kerr Sr. of Cushman & Wakefield and Eric Holtze of Denver-based EJ Holtze Corp. The hotel would be built near 16th and Wyandotte streets. The project advances to the City Council, but because the TIF Commission did not recommend the plan, it now requires a super majority on the council to advance, meaning the support of nine of 12 members."
Check the links . . .
KCTV5: Board declines to endorse TIF funding for KC hotel project
KCUR: After TIF Commission Rejects Crossroads Luxury Hotel, Kansas City Council Is Developer's Last Hope
KC Biz Journal: The $63 million luxury hotel proposed near the Kauffman Center for the Performing Arts will face a tougher road to a city incentive package after a big rejection on Thursday.
You decide . . .