Remember when they said the Power and Light District would pay for itself? Some financial movers and shakers at City Hall gave us a quick update recently. The bond used to pay for Power and Light costs Kansas City about $20 million per year. And Power and Light brings in less than $6 million per year in tax revenues.
So now we know.
The math used to sell the project was Delusional.
The City wants to refinance by adding more years to the loan. If they can accomplish that, we would only be in the hole about $8 million a year instead of $14 million a year for the next 2 years. Of course, that would add $36 million to the debt for 2032-2033.
I ask you, who wants to turn $12 million of debt into $36 million of debt?
I’m not sure that this idea originated in the Delusional Plan Committee, but I am sure that they would approve of it.
It must be same committee that called for the redesign of our airport.
That was a great idea until the airlines all but said they wouldn’t fly here anymore. How much did the plans cost to draw all that up? I don’t know, but it wasn’t free. And I suspect the Delusional Plan Committee was involved.
I would like to attend the next meeting of The Delusional Plan Committee. I understand they are very busy designing street car routes right now.
A slow motion Streetcar wreck that we can’t quit looking at or paying for.
Yeah, this Sly administration seems to be bound and determined to bankrupt the city for the next hundred years on projects nobody wants or needs while the infrastructure goes to pot.
Yep.
Might attract more people if there wasn’t cover charges and $8 beers. Sorry, but after tip I can’t be dropping $10 a beer.
Ditto. A tourist trap that was touted to be for us locals. Yeah, right.
That place is like a Discovery Zone/Leaps & Bounds for adults: overcrowded, obnoxious and vomit.
you left out “expensive”, often “risky”, and a “parking rip-off and/or nightmare”
Support your LOCAL merchants…..eat and drink in Westport.
No.
That would require a trip to the wrong side of the river.
Kinda like forcing KCIR out of business to build a park that has never happened. Drive by there today and you will see an empty field with no signs of any work being done. Force a tax paying business to close, to open a park that won’t make a dime in revenue. Makes no sense.
That is right, I forgot about that, sheesh…
Kansas City International Raceway, Drag Racing Capital of the World! Heard it on radio so many times I can hear it even now.
SUNDAY!!!!!!! SUNDAY!!!!!! THE BIG CARS!!!!!! THE BIG STARS!!!!!!! A 50 FOOT WALL OF FLAME!!!!!!!!!
God I loved that commercial.
Chuck,
I used to do Ray Farhner’s commercials for The World of Wheels 🙂
Wheels! Wheels! Elvis lives at Bartle Hall this weekend!…and gorgeous girls go at it in the mud pit.
Very cool!!
🙂
I hope we can all stop the madness of a NEW EMPTY BILLION-DOLLAR terminal at KCI.
Not likely if the political weasels have their way. They want to shove this down everyone’s throats whether they like it or not. Funny that the main guy involved in selling this monorail-sized monstrosity of a terminal is also the same clown involved with the Denver airport debacle.
the politicians won’t be happy til they drainthe last dimes of the
public.
Christie…Virginia governor…Illinois governors….delay….both sides
of theaisleare out to get every last dime.
“Hey…I like that watch….get bob one…is that a rolex?” viriginia givernors
wife when her sugar daddy showed his watch to her and she wanted one
for her husband…in exchange for some “research”,,,,,
when will it end?