Kansas City Hotel Subsidy Double Take: Developers Demand More Tax Breaks Because Of Downtown Lodging Glut
Check this important update on a double-edged sword that cuts Kansas City taxpayers both ways . . .
Money line:
"Developers think that the area is overdeveloped, so taxpayers need to protect them from the risk of low revenue due to market saturation."
Read more:
Money line:
"Developers think that the area is overdeveloped, so taxpayers need to protect them from the risk of low revenue due to market saturation."
Read more:
Too Many Hotels in KC, According to Hotel Developer Seeking Subsidies
In a blog post earlier this year I wondered about Kansas City, "If previous subsidies successfully created a vibrant economic center, then why are they still needed?" The recent news that Drury Hotels is withdrawing its application for tax-increment financing (TIF) makes this question relevant again.