This is our favorite post of the evening . . . Here's why . . .
Patrick Tuohey raids his playlist for a worthwhile reference along with great info about the struggle against downtown Kansas City tax breaks.
Check-it . . .
"Cordish Cos. is again pushing Kansas City for more taxpayer-funded subsidies. This time, it’s for its $156 million, 24-story Four Light luxury apartment tower. And it is already laying the groundwork for a fifth (Four Light would be the fourth luxury apartment for Cordish Cos.). The catch? Cordish Cos. wants to declare part of the Power & Light District an “undeveloped industrial area” to qualify for incentives—an absurd claim for property it controls.
"These developer handouts are draining the city of the resources it needs to provide basic public services. This isn’t about revitalizing a struggling neighborhood—it’s about maximizing profits for wealthy and well-connected developers at the public’s expense."
Read more via www.TonysKansasCity.com link . . .
Show-Me Blog: K.C. Subsidies Stop Making Sense
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