Sadly, so much taxpayer cash will never bring back the glory days of luxurious Downtown Kansas City hotels.
Here's a worthwhile chronicle of the latest ask . . .
It’s 2026, and it’s time once again to subsidize the Muehlebach Hotel!
This time, the Kansas City Business Journal reports that Flint Development secured a 25-year property tax abatement to turn several floors of the Muehlebach Hotel into apartments. The project also received a sale-leaseback bond structure in which the Land Clearance for Redevelopment Authority issues up to $51.5 million in taxable industrial revenue bonds, paid back by the developer.
LCRA holds title to the property for the lease term — construction plus 25 years — which provides the property tax exemption. At the end of the lease, the title reverts to the developer. The project also includes a sales tax exemption on construction materials, an additional subsidy on top of the abatement.
Read more via www.TonysKansasCity.com link . . .
Commentary: The Muehlebach in Kansas City keeps coming back for taxpayer subsidies * Missouri Independent
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