NEWSFLASH: OF COURSE Kansas City Royals Stadium Math Doesn't Work

Longtime Kansas City newsman Dave Helling asks an obvious question and . . . Shockingly . . . Comes to the conclusion that taxpayers have realized since back when the local newspaper actually employed columnists.

TAXPAYERS WILL PICK UP THE TAB FOR THE NEW ROYALS STADIUM. 

Alternatively . . . 

Supporters might argue that the cash will spark increased economic activity that will ultimately serve to increase revenue and economic gains beyond the receipts of the ballpark. 

For those seeking free entertainment . . . It's unfortunate that supporters of the plan are far too lazy to articulate as much or find anyone other than former Mayor Sly James to convincingly make this point to so many unemployed social media trolls.

Punchline . . . None of it will benefit TKC readers. 

Still, the question is worth considering . . .  

How will Kansas City pay its $600 million share?

Mostly with Missouri Development Finance Board bonds, repaid in a variety of ways.

The projections include $382 million from economic activity taxes collected by the city, the county, the zoo district, and a 1 cent community improvement district, plus “additional” EATs on hotels, utilities, sales, food and beverages, earnings, and the CID.

Can you see the problem? The two revenue streams yield about $12.7 million annually, not nearly enough to cover yearly payments on a $510 million dollar debt.

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

The Royals stadium deal, by the early numbers

We asked for details. We got some. We need more.