Thursday, December 19, 2019
TKC MUST SEE!!! KANSAS CITY COMMUNITY GROUPS ORGANIZE AGAINST CORPORATE WELFARE FOR WADDELL & REED!!!
A proposed Downtown Kansas City HQ move Waddell & Reed has met with fierce opposition from a cadre of local activists and neighborhood leaders.
The critics of this development gambit are watching the actions of Mayor Quinton Lucas closely given that they believe he ran against this kind of egregious taxpayer subsidy of BILLION-DOLLAR corporations.
To wit . . .
TAKE A LOOK AT LOCALS ORGANIZING AGAINST THIS MASSIVE KANSAS CITY TAX BREAK FOR WADDELL & REED!!!
Moreover . . .
TODAY THESE ACTIVISTS HOPE TO FLEX ON MAYOR & COUNCIL AND DEMAND MORE ACCOUNTABILITY!!!
Here's the word from More² --
Watching City Council: Is it a Season of Corporate Welfare?
"On Thursday at 12/19/19, City Council will vote on a HUGE deal, a $44million (plus $62 Million State) TIF package for Waddell and Reed to vacate their current place & rebuild...at the expense of our schools, libraries and mental health levy. Meeting starts at 3PM, wear your red/ green!"
An important Change.org petition that has garnered hundreds of signatures:
Demand transparency & accountability BEFORE giving $100 MM in tax breaks to Waddell & Reed
Waddell & Reed, with net income of $1.9 billion between 2009 and 2018 is asking the City Council to approve $44 million of local incentives (along with $62 million in state incentives) to relocate its HQ from Overland Park, KS to Downtown KC . . .
This request comes with very little information about the project or the developer, and ZERO financial justification regarding the need for taxpayer assistance ...
Please contact the Mayor and Council to demand transparency and accountability BEFORE granting $44 million of local tax breaks that are intended to fund schools, public safety, libraries, and social services . . .
Developing . . .