Wednesday, November 18, 2020

FACT CHECK: DOWNTOWN BASEBALL STADIUM AT KANSAS CITY STAR BUILDING SITE 'PROBABLY WILL NEVER HAPPEN' ADMITS GLASS HOUSE OWNER!!!

Despite years of real estate hype and hope for 'density' in and around the loop, the failure of the Kansas City Star helped create what could be one of the worst real estate deals in metro history.

More importantly . . .

Holier than thou public radio newsies pushed a sketchy story about downtown baseball backed by their old school colleagues that didn't match up with the tragic facts of local economic decline. 

To wit . . . 

NO, THE SOON TO BE EMPTY KANSAS CITY STAR BUILDING IS UNLIKELY TO BE REPURPOSED AS THE DOWNTOWN BASEBALL STADIUM!!!

Fact is, the current economy and the team's pathetic record don't really inspire a need for further investment.

Credit to the KC biz journal for an upbeat report for subscribers with the money line buried within the text.

Check the fair use quote that offers the only REAL insight about this story we've seen so far . . .

The green-tinted glass building overlooking Interstate 670 will remain intact.

Rosana Privitera Biondo said she loves the idea of building a stadium at the site, but a developer would have to contend with the cost of buying the $200 million building when cheaper land is available within the city. Ambassador Hospitality acquired the Star property for $30.1 million in 2019.

"I would say it's 80% to 90% that building is going to stand as-is," Biondo told the Kansas City Business Journal, later adding, "(A stadium) probably will never happen but it would be a fantastic opportunity and a great location to put all of those synergies together for Downtown."

In other words. IT'S NOT HAPPENING and local media sold KC readers yet another imaginary hype story for about week before there was a local media fact check.

Developing . . . But probably not.

21 comments:

Anonymous said...

30 million bucks for an empty building now looking for tenants.

Bad, bad deal indeed.

Anonymous said...

Seems like for 30 million they could have just bought the star.

Dex said...

^^^

Nah, the building is worth way more than a paper nobody reads.

Bandit said...

It will be sold for back taxes on the courthouse steps in the very near future.

Gr said...

^^^^

Good call.

Anonymous said...

Use it like they do with junk cars for a fund raiser. $1 per swing with a sledgehammer. It would generate more money in a weekend than that paper has in the last 10 years.

Anonymous said...


to honor and commemorate the soon to be defunct KC Star..

they should turn the building into a sewage treatment plant.

James Frank Abbott said...

The Star!s overleveraged itself into bankruptcy.

Anonymous said...

^^^with a statue of Lewie Dickweed at the entrance.

Anonymous said...

KC star was not the paper it once was, a lot of people won't even notice they're gone. Not a major loss.

Anonymous said...

^^^

TKC readers aren't really readers. Just blowhards. Whereas people still read and pay a premium for the Kansas City Star.

Anonymous said...

Bad deal on the building, hope they can make up the loss by selling everything for scrap.

Clay Chastain said...

A state-of-the-art sewage treatment plant.

Anonymous said...

And in a related story, you can't put 50 pounds of crap in a four-pound bag.
This is one of the more completely ridiculous and impractical ideas to be surfaced by the "development" crowd in quite some time.
Which in KCMO is really saying something.
How's Hy-Vee area doing?
How about "The Basketball Experience"?
Fantasyland on the plains.

Anonymous said...

And to think that Hemingway was once a reporter for the KC STAR.

Anonymous said...

^^^ Yeah, for six months right out of High School, then he got a Real Job and left this town never to return.

Anonymous said...

I quite enjoy driving past the monument to hubris that is the former Star building. It reminds me to always be humble and, more importantly, always be aware of new technology and don’t assume that I will always be king. Come to think of it, it is probably an appropriate corner on which top build a monument to Major League Baseball.

Anonymous said...

Let's hope the traitorous Kansas City Red Star employees lose their pension plans next and have to work real jobs until they are 80 so they can enjoy the fruits of Communism that they have espoused.

Anonymous said...

I wonder what it would cost to turn the structure into a jail? We have a surfeit of malefactors and need more space to warehouse them outside of civil society. Maybe it could be made self supporting, if we sell tickets like they do at the zoo so the public could view life in the wild, from a safe distance.

Mo Rage said...


Thank goodness, thank God and common sense.

This idea should die.

Anonymous said...

An indoor driving range like Top Golf or some other kind of amusement building.