Read between the lines . . . They're shifting a lot of money around and DESPERATELY need federal funding to keep the civic ponzi scheme afloat . . .
KC Biz Journal: Streetcar wants to borrow $2M from the Downtown TDD for work on Main Street extension
Deets:
The Kansas City Streetcar Authority has worked out a way to get $2 million in funding to carry the Main Street extension into the project's next phase.
The funds would be transferred from reserve money in the Downtown Transportation Development District (TDD), which was formed with the creation of the streetcar's starter line, with the condition that it will be reimbursed from the newly formed Main Street Rail TDD.
On Thursday, the authority received approval from its board to enter into an agreement with Kansas City and the Downtown TDD. However, both the TDD board and the city must approve the use of the funds.
Developing . . .