Monday, June 01, 2020
KANSAS CITY CONVENTION HOTEL OPENS TODAY ALREADY LOSING MONEY!!!
Presser posted from a lesser blog regarding this town's money losing gamble . . .
"After years of wrangling and an unveiling delayed almost two months because of the coronavirus, the 800-room Loews Kansas City Hotel is set to open Monday — without the fanfare, or guest book, officials had anticipated.
"Loews is the first convention hotel completed in downtown since the Marriott more than 30 years ago. The 24-story tower, at 1515 Wyandotte St., cost more than $320 million and was originally set to have its grand opening April 2."
More importantly . . .
"The city is staring at a $4.4 million shortfall because of a combination of a 2015 deal that awarded millions in payments and incentives to the 800-room convention center hotel and an agreement on catering fees for the city's convention center."
And so . . .
THE KANSAS CITY CONVENTION HOTEL GRAND OPENING NEVER REALLY HAPPENED AND THE PROJECT IS ALREADY A BUST BEFORE IT STARTS!!!
Tax fighters and critics warned us of the impending drama that's now news fact and a debt that has to be paid for generations.
Developing . . .