Newsflash: Sketchy Kansas City East Side Tax Stays Losing

Actually . . . 

We predicted that somebody would go to jail over this money grab that hasn't inspired the "transformative" benefits that were promised. 

Instead . . . Even that city's audit reveals lot of problems with how this cash has been distributed. 

In a REPORT THAT'S WAY TOO WORDY AND READS LIKE HOMEWORK . . . Check KCPS confirming deets that our blog community talked about earlier this year . . . Check-it:

"The CCED tax is facing headwinds as the time approaches for backers to seek a renewal of the levy, which came with a 10-year sunset.

"Audit, released in August, gave the program mixed reviews based on its analysis of a 10-project sample.

"While concluding that most projects the office reviewed were making progress, the audit flagged lapses in oversight and administration of the program. In its survey of eight developers, half cited city contracting requirements as a source of delay in their projects.

"Moving projects through the approval pipeline has proven to be the biggest flashpoint in the debate over the success of the program so far."

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

Sales Tax for East Side Projects Grapples with Growing Pains

Kansas City's Central City Economic Development (CCED) sales tax program has produced mixed results and faces political headwinds as the time for renewal looms.