Kansas City will continue to support the good life for downtown denizens despite economic hardship and pandemic restrictions that persist for taxpayers on the low-end of the economic scale.
The latest . . .
Deets . . .
Construction on the next two Kansas City multifamily developments by Cordish Cos. will get underway over the next several months.
The Baltimore-based developer anticipates a May construction start for Three Light, its long-planned $140.3 million urban luxury apartment building northwest of Truman Road and Walnut Street.
However, here's what the update omits . . .
"Among the incentives approved for Three Light is a $17.5 million subsidy the city has agreed to pay for a parking garage for Three Light — as it did for One Light and Two Light."
And so, with penthouses running at about 7 GRAND A MONTH:
KANSAS CITY TAXPAYERS STRUGGLING TO COMEBACK FROM COVID DEVASTATION ARE FORCED TO FINANCE LUXURY LIVING SPACES THEY COULD NEVER AFFORD!!!
Don't get it twisted, we're a fan of capitalism but this kind of horrific deal offers some credibility to claims that modern monetary theory is unsustainable.
You decide . . .