Kansas City Developers Argue EPIC Country Club Plaza Tax Breaks

Going into Turkey Day . . . It's getting a bit too serious and so we wanted to lighten the mood.

Accordingly . . . This should be good for a laugh:

CHECK DEVELOPER ADVOCACY FOR KANSAS CITY FREE MONEY ON THE COUNTRY CLUB PLAZA!!!

Even in theory, this math has NEVER worked for locals but still provide a chuckle if only beacause it's fun to watch suits tap dance as they deride local activists . . . Check-it:  

"Before PortKC’s Board of Commissioners today for the introduction of the project and the initial inducement of $1.4 Billion in bonds. The incentive ask was strongly opposed by many, including KCTenants and advocates for the public schools. Others opposed the new building heights stating that they’d “ruin the Plaza’s character”.

"In both instances, opposition showed a general lack of knowledge for how complex real estate deals are structured and/or the need to properly reimagine the Plaza for the next century . . .

"Opponents to incentives also fail to mention the benefits of projects of this nature. More employees, visitors and residents all contribute to the local tax base by paying sales and personal property taxes, not to mention the City’s 1% earnings tax. You also have the benefits of fewer empty store fronts. All of these, plus the property improvements, will benefit the City in the short and long terms with additional revenue."

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

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Developing . . .