Yet again . . . Without a vote, taxpayers are expected to finance an ambitious development scheme that also brings PUBLIC HOUSING to a formerly luxury district.
Take a peek . . .
"The Plaza Promise’s aim is to show Kansas City that “we’re here for the long-term and are committed to ensuring the Country Club Plaza positively impacts Kansas City,” as Chris Harren, an executive at Gillon Property Group, says in the release.
"Gillon Property Group bought the ailing Country Club Plaza two summers ago for $175 million. The Dallas-based company — its owners are close to the Hunt family, owners of the Kansas City Chiefs — has promised to restore the Plaza to its former glory.
"It has been slow-going, mostly because Gillon wants Kansas City to make some promises of its own. Gillon is asking the public to help bankroll its Plaza overhaul through hundreds of millions of dollars in proposed tax incentives. The group also wants the city to transfer ownership of public sidewalks in the district so it can bypass local bureaucracy to upgrade pedestrian spaces and do security its own way.
"In other words, big decisions still lie ahead for the Plaza’s new owners. A lot of money is at stake. Into this political environment arrives the “Plaza Promise,” a baffling bit of public relations from the Country Club Plaza.
Read more via www.TonysKansasCity.com link . . .
Hudnall: The ‘Plaza Promise’ is an empty promise for Kansas City
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