Royals mega-TIF district to divert taxes from much of downtown KC to pay for stadium
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Kansas City Pays Premium For Sketchy Hallmark Royals Stadium Site
Given their biz model in decline and questionable demand for real estate in this economy. We notice this EPIC pricetag reported by the KC Biz Journal . . . "The Royals' TIF plan lists $80 million in anticipated land costs, which may hint at a purchase price well above market value for Hallmark's headquarters." Context . . .TAXPAYERS BUYING FAILING COMMERCIAL REAL ESTATE MIGHT BE ONE OF OUR WORST INVESTMENTS!!!A bit of proof about the unfair swa…
Royals mega-TIF district to divert taxes from much of downtown KC to pay for stadium
Kansas City has revealed the dimensions of the mega-TIF district where all increases in sales and income tax receipts, and half of all increases in hotel tax receipts, would be siphoned off and given to Royals owner John Sherman to pay off a new stadium, and it looks like this: The city didn’t provide an […]
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