The party never stops with the help of City Hall. Here's an IMPORTANT bit of journalism regarding local subsidy of a struggling booze game. Read more:
KCMO approves plan to use sales tax dollars to redevelop part of Martini Corner
KANSAS CITY, Mo. - Your tax dollars will now help foot the bill to help redevelop an abandoned building on Martini Corner in Kansas City, Missouri. Thursday, the city council agreed to set up a community improvement district (CID) around a building at 31st and Oak streets.
So what. If you spend money there, you pay an extra 1% on your bill. Its the same difference to you as if the business just raised prices 1%.
ReplyDeleteSo the why do these businesses want to establish a CID? Simple, because they can disguise the additional 1% charge as a tax. For an operation of this size, it will be interesting to see if the amount of money raised is sufficient to justify the administrative burden of maintaining the CID in a manner required by law.
Hey, if it involves alcohol smiley selfies Lucas is all in!
ReplyDeleteROTFL!!
DeleteHey 5:18. Try to find any other CID, or TIF for that matter, that's been audited to find out how much money is raised and how it's been spent. It doesn't happen.
ReplyDelete