EPIC Kansas Corporate Welfare For Chiefs ALMOST Explained

Credit where it's due . . . The newspaper takes an exciting conversation about the death of capitalism and the rising American oligarchy and makes it HORRIBLY BORING by offering an explanation of the financial deets that only offer one vantage of how taxpayers are losing on this deal . . . Check-it:  

"The special incentives Kansas lawmakers passed to help pay specifically for stadiums — often referred to as a supercharged bond agreement — goes beyond what regular STAR bonds offer developers.

"The stadium incentive law allows the state to offer significantly more money in bonds than past STAR bond projects, and it gives state officials more discretion over the size of the district that will help pay back the bonds and more control of the terms of the deal.

"However, unlike regular STAR bonds, the stadium incentive law gives local governments like the Unified Government and the city of Olathe the option to keep their local sales tax revenue from within the bond district, or to vote to redirect it to paying back the bonds." 

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

Kansas' stadium subsidies differ from STAR bonds. Why that matters for taxpayers