Thursday, June 11, 2020
TKC READERS TOLD YOU SO!!! CORONAVIRUS, RIOTS & KANSAS CITY POLITICAL NAME GAME JEOPARDIZE COUNTRY CLUB PLAZA BUSINESS!!!
Our blog community was the FIRST to report on the devastating economic hit the Plaza has endured over the past two weeks.
TKC readers continued dispensing community journalism by noting a EPIC busted deal in the midst of culture war debate.
To wit . . .
CORONAVIRUS HARSH TIMES THREATEN PLAZA PARENT COMPANY ACQUISITION!!!
TKC Readers warned, "Simon is canceling acquisition of Taubman, which owns the Plaza . . . A legal imbroglio is assured . . ."
More deets from MSM:
CNBC: Mall owner Simon terminates its deal to buy Taubman due to pandemic
"Simon said Wednesday morning it has exercised its contractual rights to terminate its deal to acquire the high-end mall owner. Simon argues that Taubman has breached its obligations, specifically by not taking steps “to mitigate the impact of the pandemic as others in the industry have.” Taubman later said it believes the termination is “invalid and without merit, and that Simon continues to be bound to the transaction in all respects.”
Add rioting, racially charged politics & rising crime into the mix and any financial arrangement would likely result in FAIL.
Even worse, retail is dead and corporate foodie fare no longer offers much incentive for visitors . . . Locals might not think this impacts the rest of this cowtown but for many tourists and suburban visitors: THE PLAZA IS KANSAS CITY.
Accordingly . . .
Our readers point to the lessons of antiquity and warn against a Pyrrhic victory for social justice warriors - A triumph which sustains such a heavy toll that negates any true sense of achievement or damages long-term progress.
Moreover . . .
A recent history of consistent teen violence, outrage over animal cruelty, nude creepers on the prowl, constant protest and now a deadly pandemic have finally resulted in real financial damage for the entertainment district and a negative economic outlook for Kansas City's signature shopping destination.
You decide . . .