Wednesday, June 24, 2020
TKC EXCLUSIVE!!! KANSAS CITY CORPORATE WELFARE CONDEMNED AS SYMPTOM OF SYSTEMIC RACISM!!!
This morning a bold statement from urban tax fighters calls out the developer friendly status quo at 12th & Oak.
THE COALITION FOR KANSAS CITY ECONOMIC DEVELOPMENT REFORM ATTACKS CORPORATE FREEBIES IN THIS SCATHING PRESS RELEASE!!!
Here's the argument . . .
"The Kansas City Council needs to recognize and do all it can to ameliorate the current racist-tinged,tax-incentive system that puts the interests of prosperous corporations and wealthy developers over the needs of their many Black and impoverished constituents.
"Systemic racism is shockingly and depressingly evident in the disparity between predominantly white school districts north of the Missouri River and the city’s primarily black school districts south of the river. Equally unjust is the continued diversion of vital tax revenue away from schools, libraries and mental health organizations to wealthy white developers and thriving businesses in non-distressed parts of the city."
The statement calls out an outspoken Northland Council Lady in particular . . .
"An example of the contrast between the haves and the have-nots took place at the June 17 meeting of the Council’s Neighborhood and Community Development Committee. During consideration of BlueScope Construction’s demand for an extension of its 20-year tax abatement privilege, Councilwoman Teresa Loar, a Northland resident, made it clear she could not care less about schools south of the river when she stated that BlueScope’s proposal should be approved irrespective of its impact on schools and libraries south of the river, as well as on the mental health fund.
"BlueScope is an enormously successful, Australia-based corporation with a market capitalization of $4 billion. Abating and diverting its property taxes from KCSD to BlueScope shareholders is unconscionable corporate welfare and, quite frankly, racist."
It gets better . . .
THE URBAN REFORM GROUP CONDEMNS A DOWNTOWN LUXURY HOTEL PROJECT SEEKING TAXPAYER FUNDS!!!
Here's the money line . . .
"And then, there’s the planned Performing Arts Center Hotel, formerly known as Bravo Hotel. This 5-star debacle just won’t seem to go away! The developers want the Council to approve an outlandish $45 million in TIF and Super TIF revenue – benefits that once again would come at the expense of schools, libraries and mental health organizations with largely black clienteles.
"The City Council needs to recognize Bravo’s request for subsidies for what it is – balderdash.
Almost inconceivably, Councilwoman Loar also supports the Bravo subsidy. Thankfully, she is only one vote, and it takes seven to pass."
There's a lot of things to like about this statement. First and foremost, we're encouraged to see locals drilling down and talking about specific policy efforts and money issues that impact ALL of KCMO. Beyond culture war rhetoric, the reality is that the fight against systemic racism has the potential to benefit so many working-class neighborhoods throughout the city which also desperately need better management of city hall resources and a departure from the old school practice of unlimited corporate freebies.
Developing . . .