Friday, January 10, 2020

YOU PAID FOR IT: CHECK DOWNTOWN KANSAS CITY WADDELL & REED CORPORATE WELFARE DESIGNS!!!



Downplayed and mostly lost in local weather coverage . . . Here's a glimpse at a noteworthy contradiction to big political talk about reducing incentives . . .

"The lease execution is the final step in a lengthy process to get approvals from the city and state for an unparalleled $100 million incentive package. The company will get about $35 million from the city through various tax incentives, including a property tax abatement, an exemption on sales tax for construction materials and a 50% abatement of the economic activity tax. The local incentives come in addition to as much as $62 million from Missouri for jumping the state line from Overland Park."

More info:

KC Biz Journal: Waddell & Reed executes lease, finalizes plan for downtown HQ

KSHB: Waddell & Reed announces lease for downtown office building

Developing . . .

12 comments:

Anonymous said...

What happened to Mayor Q on this? I though we were done with these kinds of deals?

Anonymous said...

Just another leftover being pushed out by the new shiny Tax Abated Kansas Shitty.

Anonymous said...

^^^^ True.

:(

Anonymous said...

It seems like this city just doesn't know what to with itself unless it's busy burying its own past.

Martin said...

KC loves handouts. That's the problem. Every city is along a similar path but KC has one of the worst records in the nation.

Kansas Scout said...

A tale often told in KC. The big money elites keep raping robbing and pillaging the taxpayers. And these people just keep bending over for more and more and more. And they are getting it good and hard. At least Tony tries to blow the whistle on this BS. You don't see the local media doing it. They are all bought and paid for. Media whores. Not Tony.

Anonymous said...

And yet you're still there, Mr. Scout, being robbed and pillaged. Weird.

But it's not all BS, see. When the WADDELL & REED armored truck starts backing up to my house and leaving bags of WADDELL & REED cash, that's not a bad thing, is it? Not for me! I just throw 'em on the pile of my $$ STREETCAR MONEY $$ bags!

It's great if you know the right people! Which you obviously don't. Well, too bad!

Anonymous said...

To bad idiots like 8:02 won't slip on the ice while down in P&L Dist tonight because they are to stupid to stay home and knocks himself the fuck out. But KCTV 5 will spin the story they died due to lack of ice melt instead of simple stupidity.

Anonymous said...

I don't think Kansas Scout lives in KC proper but he's got this town nailed down 100%. KC is corrupt as hell, we need more people to call it out.

Anonymous said...

But he's rich.

And he knows the difference between to, too and probably two, also!

Gr said...

The kc way of doing things: Welfare for everybody! Somebody mentioned bankruptcy and this looks like we're well on their way. I would blame the current leadership but EVERYONE seems to encourage it from voters to companies. Not sustainable.

Anonymous said...

1-:36: +1000!