Defense Of Port KC Doesn't Hold Water?!?

Here's our favorite part of an AN UNFORTUNATELY DOWNPLAYED DEBATE that taxpayers should delve into nevertheless . . . Take a look: 

It was only three years ago that PortKC failed to discover that a developer to which it was prepared to issue subsidies, Lux Living, had a few Securities and Exchange Commission violations in its past. So much for “more upfront disclosure.”

Separately, in its most recent financial audit, PortKC was faulted for failing to demonstrate that it searched federal databases to determine if any vendors were “suspended and debarred entities” prior to payment. Again, PortKC is not demonstrating that it carefully vets applicants.

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

Responding to PortKC's Defenders

Michael Collins, a former CEO of PortKC and the founder of Grayson Capital, which specializes in "public-private real estate development," posted a If PortKC were serious about serving the public, its leadership would remove its NDA requirement and heed the council of its financial auditors.