First and foremost . . .
THE AMERICAN ROYAL WILL NEVER EARN BACK THAT CASH FOR TAXPAYERS!!!
Not even the most optimistic projections would give any chance of a return on that investment at the outset of a recession . . . And given so many Kansas developments that have failed to deliver.
In the meantime . . .
The newspaper follows up on a great deal of prior reporting but offers some context
"American Royal’s bond request has also nearly doubled. The organization is seeking $155 million in STAR bonds to build its complex, up from its initial ask of $80 million that was approved in 2016. It hopes to be able to pay back those bonds by diverting local sales tax money generated in the project area in addition to the state sales tax money that was already approved."
Read more via www.TonysKansasCity.com link . . .
American Royal seeks way more STAR bond money to revive long-stalled move to KCK
Wyandotte County is reviewing a request for American Royal's $450M project, aiming to boost tourism with an agriculture & events hub near the Kansas Speedway.
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