Gracie Hunt Good Life Promises Inspire Skepticism From Kansas City Tax Fighters

Good old fashioned bikini glam photos with devout Christian undertones aren't enough to make the math work for these local policy experts . . . 

"A $4.5 billion project will undoubtedly generate billions of dollars in economic activity. The question isn’t whether activity occurs; it’s whether that activity is genuinely new to Kansas and whether it generates tax revenue to justify the public subsidy.

"Also, what exactly is included in the $1.2 billion in ancillary development the press release mentions? Hotels? Housing? Entertainment? And how much of that development is expected because of the stadium, rather than development that would have occurred anyway? Recall that the STAR bond district captures all additional tax revenue, regardless of whether it is due to the Chiefs’ developments.

"As a result, this selected summary of the report doesn’t tell us if the deal is worthwhile for taxpayers."

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

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