Kansas City Katz Drugstore Tax Break Developer Deal Shut Down!!!

I'm impressed. 

No, municipal finance isn't really that exciting . . .

Here's what's really fun . . .

ONCE AGAIN HISTORIC KC PICKS THE LOSING SIDE OF LOCAL PRESERVATION EFFORTS!!!

It's unclear if these dudes have EVER saved a local building but this time around they offered their support to a sketchy development only to be shut down by tax fighters. 

Forgive the broke-ass analogy as the perennial losing reminds me of this blog's constant string of FAIL at life and/or how my mom intrinsically knows the exact moment that I'm about to bite into a delicious snack cake and schedules her vociferation down to the basement accordingly.

But I digress . . .  

The tax break is no great loss and if the project is REALLY viable then developers will find another way to scrounge up the cash. 

Here's the word from 12th & Oak today . . .

"The Kansas City Council voted unanimously Thursday afternoon to deny a development plan and property tax abatement for a 192-unit apartment complex around the former Katz Drug Store building at 3948 Main St."

More info here for subscribers . . .

KC Biz Journal: Kansas City Council nixes incentive prescription for $37.6M Katz Drug Store redevelopment

Developing or maybe not . . .

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