Exposé: KC Currents Stadium Plagued By EPIC Parking Garage FAIL

First, here's the headline that many Kansas City "news" outlets are feeding to idiots . . .

CPKC Stadium Featured in TIME’s Annual List of the World’s Greatest Places

That's kinda sweet but it's not even close to the real story. 

In fact . . .

We kinda think it's a cover story intended to distract from real news. 

Here's what insiders want our blog community to know . . .

BLAME MAYOR Q & PORT AUTHORITY LEADERS FOR PARKING GARAGE FAIL OVER YEARS!!!

Inside word sent our way regarding this story . . .

"This is all Mayor Q being stubborn and he was backed up by John. Neither one of them really know what they're doing and accommodations for the stadium are the last thing on their mind. They like social media glory and groundbreakings . . . Not the real work and infrastructure that goes into making a project successful."

Don't worry it gets worse according to insiders who dispute the basic approach to planning, public transportation and the future of municipal design . . .

"The real story here is that the Mayor's team and Port KC held up parking garage construction and actually believe that people are going to jump on the streetcar and walk 2 miles for a soccer game or to visit their silly, little entertainment district. Already it's a disaster and what they don't know is that ADA complaints are already in the works."

Of course, we're merely sharing background chatter but the biz journal did all of the heavy lifting in order to bust the bubble of lady soccer glory.

Here's the premise of their story . . .  

"A Kansas City Business Journal review of emails, letters and financial term sheets obtained through open records requests shows close workings involving Port KC, city officials and developers — and, at one point, a legal threat — over a parking plan that seeks millions of public dollars, even as the Current says it’s not a necessity."

More deets: 

"The garage was expected to cost $125.5 million and be paid for through fixed-rate bonds in a $118.8 million principal amount. PCA at first identified a bond deficit of $29.5 million over 13 years, with debt service estimated around $8 million a year, or $208.5 million through 2053.

"The developer said that deficit could be reduced to $9 million over 8 years if Kansas City kicked in $1.9 million a year from its share of land lease revenue from Bally’s Kansas City Casino. It also proposed Port KC tax redirections and interest-free state bonds to further shrink the shortfall."

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

KC Biz Journal: "Port KC, City, developer wrestle with parking needs, funding at Berkley Riverfront"

Developing . . .