KCATA Develops Real Estate Whilst Broke-Ass Kansas City Waits For Bus

And so . . .

The departure of the guy who was propelled to amazing cowtown career by a federal felon has now given way to EVEN MORE CORRUPTION of local transit. 

Just to make sure TKC isn't being too subtle . . .

SPENDING BUS MONEY TO HELP DEVELOP PROPERTY MIGHT BE THE STUPIDEST MISTAKE KANSAS CITY HAS COMMITTED SINCE THE TOY TRAIN!!!

Here's a quick overview . . .

"The board accepted what it describes as a public-private partnership with Northpoint Development, which is proposing a $130 million, 385-unit project near 31st and Main, and Milhaus, which is planning a $60 million, 256-unit project near 39th and State Line Road."

Credit where it's due . . . 

This not-so-fun fact was reported by a development blogger hack and it's supposed to be good news. 

Meanwhile, whilst the freebie bus struggles to garner riders . . . And provides overall lackluster service according to most plebs . . .Spending their cash on real estate speculation during a recession should seem like a sketchy move. 

Read more via www.TonysKansasCity.com link . . .

KCATA Backs Two Big Transit-Oriented Apartment Projects

By Kevin Collison The KCATA has jumped into transit-oriented development in a big way, approving bonds this week for two apartment projects totaling $190 million that could receive up to a 75 percent property tax reduction over 20 years.