Wednesday, April 29, 2020
TKC EXCLUSIVE!!! INSIDERS URGE COUNCIL SMACKDOWN AGAINST $43 MILLION IN SPORTING KC SOCCER WELFARE!!!
The coronavirus pandemic has seemingly inspired a renewed sense of fiscal responsibility at City Hall as more voters are out of work and a return to "normal" seems further away than residents had hoped.
To wit, behind the scenes and very hush, hush . . .
KANSAS CITY INSIDERS PRESS COUNCIL TO PUSH BACK AGAINST 43-MILLION BUCKS FOR NORTHLAND SOCCER!!!
There are a lot of reasons and motives for the push back but a KICK-ASS TKC TIPSTER offers the perfect perspective focused on the outrageous costs that will impact other aspects of the budget . . . Checkit:
$43M Sporting KC Welfare
Look at the ordinance’s (#200094) attached plan of finance and the row of total uses of funds.
It’s a 12 year bond that’s going to start diverting $1.5M per year from PIAC and Parks sales taxes and rise to balloon payments of almost $4M the last 6 years. That would represent roughly 5% of the current $80M or so PIAC generates now.
Nothing against sports or the Northland, but is now the best time to be writing big checks or charging on the City credit card when we are during a pandemic that has businesses shuttered and tourism at a standstill? Sales taxes are bound to be in the basement, convention business is non-existent, and we sit and wonder which restaurants and businesses will even be reopening after the shelter-in-place order is lifted and things return to some since of normalcy. Maybe this isn’t the best time to drop millions of dollars on a recreation center when the budget could be busted. We’ll see if the Council uses discretion or decides to pull the lever for big spending.
This ultimately falls on new council members O’Neil, Bunch, Parks-Shaw, Robinson, and Bough to kill this. We believe Katherine Shields is a strong no and if the new council members plus the mayor voted “no” we could kill this monstrous handout to the wealthy owners of Sporting KC.
Developing . . .