Will Kansas City Pay 34 MILLION BUCKS To Ruin Downtown Skyline?!?

Just another corporate welfare request . . . Here's a peek at dudes in suits begging for money and making nothing but big promises in return:

"Lux seeks at least $34.1 million in different incentives for 14 Wyandotte, projected to cost $194.5 million in its EDC application and $199.6 million in a third-party financial analysis completed this week. SB Friedman Development Advisors' analysis suggests that Lux's plan requires incentives to generate sufficient returns to attract debt and equity investors, though it finds the project would remain workable with a reduced award."

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

Lux Living high-rise in Downtown would cost close to $200M, seek $34M in incentives - Kansas City Business Journal

Lux Living's largest Kansas City proposal to date, 14 Wyandotte, would cost close to $200 million to build, according to new materials received by the Economic Development Corp. of Kansas City. The 27-story tower, which would include 300 apartments and 200 hotel rooms, now seeks at least $34.1 million in incentives from different local agencies.