Over the course of a generation Kansas City has invested NEARLY ONE BILLION DOLLARS into the dream of reviving downtown and creating a regional anchor to attract office space, marquee entertainment and residents.
Taxpayers have carried this burden with constant promises of one last "missing piece" as civic pride, guilt and fear have targeted voters.
Now . . .
COVID-19 HAS FUNDAMENTALLY TRANSFORMED THE AMERICAN ECONOMY & CONCLUDED THE COSTLY KANSAS CITY DOWNTOWN RENAISSANCE DREAM!!!
A KICK-ASS TKC READER points us to this resource amid recent news of office space inside the loop now at risk . . .
The Street: Vacant Big City Offices are Here to Stay
Money line . . .
"A vaccine will help stop the spread of Covid, but the office cat is out of the bag. I have not seen any reports of lost productivity from working remotely.
"Sure, some will take advantage. But others are happy to work 9 hours instead of 8 and still come out way ahead after factoring in commute time and costs, lunches, etc.
Here's the word as we asked around about this trend today . . .
"There's a reason why the Waddell & Reed project is risky and why Cerner will not be building anymore at the old Bannister Mall site . . . People are fundamentally rethinking how office space works. The workplace has forever changed and we're not just going to jump right back to life pre-covid.
"The downtown pipe dream is predicated upon people wanting to live close to their workplace . . . That sales pitch is no longer accurate and executive level workers might want to choose a community where they can build trust, raise a family and walk through the streets at night rather than opting for an overpriced tourist attraction propped up by taxpayers. This trend is going to require some serious rethinking from our elected leaders, not just outright denials which is all that we've seen thus far."
Check the links . . .
You decide . . .