Quick update on a taxpayer nightmare in the making . . . Read closely and notice that the biz model is rapidly "evolving" amid a lack of confidence rodeo and cattle to draw visitors . . . The new plan kinda looks like de facto C-list concert venue . . . Check-it:
The new agreement also includes a second phase: an optional, approximately 120-acre festival grounds concept located west of North 118th street. This addition would require the Unified Government to have a non-compete agreement for Azura Amphitheater and approve a final development plan for the festival grounds.
With the festival grounds added, the total cost for the complex comes to approximately $450 million.
“We have 20 years to be able to execute those STAR bonds and pay them back,” Jackie McClaskey, president and CEO of the American Royal Association said. “It is certainly our hope and the belief of many of those involved with the project, with the number of visitors we’re expecting, we’ll be able to pay them off early.”
Read more via www.TonysKansasCity.com link . . .
American Royal ready to expand after Unified Government passes $155 million STAR Bond deal
The American Royal is saddling up for its full expansion in western Wyandotte County after Unified Government of Wyandotte County and KCK commissioners approved three motions last week.
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