Kansas City 18th & Vine Subsidy FOREVER

He's one of our favorite not-so-fun facts told to us by tax fighters . . . 

KCMO taxpayer subsidy for our embattled East side entertainment district as endured for longer than the jazz age

In fact . . . 

A recent slam dunk proposal would make it about 150 MILLION BUCKS for 18th & Vine since 1990. 

Sadly . . .

A sustainable profit model is nowhere in sight. 

Our downtown friends shouldn't get too salty about this topic . . . Kansas City's P&L District loses about 15 MILLION BUCKS a year. 

Thanks to our blog community . . . We blogged this last month . . . But here's the biz journal catching up:

"An ordinance up for the City Council's consideration Thursday afternoon would direct City Manager Brian Platt to identify city-owned property that could support development, including a potential 400-space garage, and solicit groups to design and build it. The ordinance also would allocate $20 million, or the maximum amount of a future city bond issuance, to help finance the effort."

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

As 18th & Vine projects increase, KC weighs $20M to help build garage - Kansas City Business Journal

A new ordinance would prompt Kansas City to explore which of its properties in the 18th & Vine Jazz District could best house a multilevel parking garage and potential transit-oriented development.