Valentine: The Delusional Plan Committee

SlyRemember 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.

head-in-the-sandIt 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.

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18 Responses to Valentine: The Delusional Plan Committee

  1. chuck says:

    A slow motion Streetcar wreck that we can’t quit looking at or paying for.

  2. newbaum turk says:

    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.

    • StillAtMyMoms says:

      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.

  3. Libertarian says:

    Support your LOCAL merchants…..eat and drink in Westport.

  4. Guy says:

    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.

  5. Daryl says:

    I hope we can all stop the madness of a NEW EMPTY BILLION-DOLLAR terminal at KCI.

    • the dude says:

      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.

  6. hot harley says:

    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?

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