Wednesday, October 14, 2020

NEW AIRPORT BONDS WILL EVENTUALLY BANKRUPT KANSAS CITY!!!

We link similar content weeks ago but another trade mag offers a worthwhile overview of DOWNGRADED KANSAS CITY AIRPORT BONDS that offer a glimpse of the sketchy financing that's supporting a project that COVID-19 has fundamentally transformed.

Read more . . .

Kansas City deal will wrap up its airport terminal financing

Kansas City heads into the market Wednesday to wrap up financing for its $1.5 billion replacement of the Kansas City International Airport terminals. The deal selling through the Kansas City Industrial Development Authority offers $478 million series of airport special obligation paper subject to the alternative minimum tax and $57 million of non-AMT airport special obligation bonds.

28 comments:

Anonymous said...

Plenty of wealthy seniors for brokers to pedal these junk bonds to.

Anonymous said...

KCMO near bankruptcy.

Air travel 75% down from a year ago.

These bonds have the same value as Weimar Germany Reichmarks in the 1920's.

Anonymous said...

at yet it will never bankrupt the city. Weird.

Anonymous said...

I thought we were already in pre-bankruptcy... what is taking so long? Let’s get there already! Go KC... bankruptcy!

Bandit said...

I TOL' YA SO KANSAS SHITTY! Had enough yet? I'm thoroughly enjoying this show and Pendergast is applauding from Hell. Burn baby burn! Ain't coming out of my pocket anymore! Not one more fucking dime! Choke on this shit. Maybe after hugging the commode barfing up liberalism the people of Kansas Shitty will get a clue but I seriously doubt it. Not my shithole. Not my problem. Just here to point and mock.

Anonymous said...

@Bandit What's the problem? S'lie got money under the table, made all his rich masters richer and normal tax payers will get left holding the bag. It's a normal day in Killa City.

#KorruptCity

Bandit said...

No problem. Not coming out of my pocket anymore. Won't even order anything out of Kansas Shitty anymore. They are not getting another dime from me. Maybe Q Ball will bail KC businesses out.
不不不不不不不不不不不不不不

Hyperblogal said...

Build something you don't need with money you don't have and there will be consequences....

Anonymous said...

^^and yet there have never been any consequences. Weird.

Anonymous said...

^ ^and yet you missed the streetcar. Weird.

Anonymous said...

^^and yet the streetcar is still there, still running, just got $60 million from the FEDS for an extension, and the city still isn't broke. There are no consequences. Weird.

Anonymous said...

^ ^ and yet it and the buses have declining ridership. Weird.

Anonymous said...

^^and yet they're still here, not going anywhere, and in fact will be expanded. That's the point retard. No consequences. Case closed. Weirder still.

Anonymous said...

But, but, but all the politicians promised that the new airport would be completely free. Did they lie?

Anonymous said...

^^and yet not one ever promised that. Lying again. Weird.

Bandit said...

"If you don't use the airport you won't pay for the airport."

What a crock of shit. I AND MANY OTHERS TOL' YA SO KANSAS SHITTY!

Now you are all on the hook for this money pit losers and suckers. I am not. Have a nice day!

Anonymous said...

^^We'll be fine.

Charlie Horse said...

Hey Crosby, you should be good for buying a couple million dollars worth of these bonds.

Bandit said...

Hit Christine Kemper up. That stuck up bitch is loaded.

Anonymous said...

hopefully 9:17 will get permanently furloughed.

Anonymous said...

9:17 is a non essential expense.

Bandit said...

9:17 is a non essential waste of protoplasm.

Anonymous said...

^^and you're a non-essential human being. Advantage him. Weird.

Anonymous said...

“ Estimates for renovating the airport with a new single terminal peg the price at $1 billion. A campaign supporting the project contends costs would be paid for with no tax dollars, but instead would be financed the fees airlines pay. Other revenue sources such as parking fees could be used to subsidize the terminal.”

https://www.ozarksfirst.com/local-news/kc-mayor-makes-final-pitch-for-new-airport-terminal/

Weird.

Retro ROCKER said...

Report out today, It will be Decades before City's and Airlines will be back to normal. But there will be Millions at the Lake of the Ozarks and Branson in the Spring and Summer .

Anonymous said...

^^Report out today, you’re fucking retarded.

Anonymous said...

Time to scale back the airport. Already, Loew's is gasping. Slie just keeps on trucking.

Anonymous said...

If there were any competent administrators in KC government they would have put a hold on construction of the new terminal as soon as the lockdowns hit and airline traffic tanked. But there weren’t and you cannot expect any vision or foresight from a hack like the boy blunder so they continued to poor good money after bad into that fiscal hole. Now we are all sunk.