Kansas City South Loop Still Short On Cash

A quick update on an ambitious plan for downtown reveals that there's still not enough money for the grandiose project.

Moreover . . .

LET'S NOT FORGET THAT ALL OF THE CORPORATE CASH PROMISES ARE MOSTLY FAKE AND UNSECURED!!!

Confirmation via a quote that we liberated from beyond a paywall . . .

"The holdup, of course, has been paying for a project estimated to cost roughly $217 million. The city received the promise of $43.6 million from Missouri, a $28.6 million federal earmark, $10 million from the city and $5 million in state tax credits. The project also had private pledges totaling $22.5 million as of July.

"But the city whiffed on two attempts to get U.S. Department of Transportation grants. After missing out on one in March, the city was to apply for a line of credit of as much as $65 million through the federal Transportation Infrastructure Finance and Innovation Act program."

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

Kansas City seeks proposals for construction of South Loop Park - Kansas City Business Journal

The long-sought project would put green space atop the interstate dividing the Downtown Loop and Crossroads Arts District.