PortKC Country Club Plaza Corporate Welfare ALMOST Explained

Again . . .

This is a clandestine public housing deal that NOBODY wants to mention out loud.

Take a look . .   

"The latest version, according to a Port KC presentation, would “basically stabilize and solidify the existing taxes as they are today,” with increases every year for 30 years. The increase would typically be 2% each year. That would mean more than $234.5 million in fixed payments for taxing bodies over that time period. And there would be an additional, estimated $46.5 million in payments on the back of denser new development. Together, that would mean over $281.1 million in revenue for taxing bodies like the school district over 30 years, up from a reported $121.2 million under the original proposal."

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

What we know about new tax break plan for Country Club Plaza

Gillon Property Group and Port Authority officials have presented a new version of proposed support for Plaza revitalization.

Skip the paywall and read by way of Internet archive or public library card.