Saul Good |
07-19-2010 06:32 PM |
Quote:
Originally Posted by Mojo Jojo
(Post 6888247)
So the city makes a bad deal out of panic and tax payers should just say OK?
In an earlier post you said I should complain about the schools, roads and City Council. Well I am complaining about the City Council, and maybe these overages could have been used to repair roads or upgrade schools. I hope you are happy that the tax payers are paying more and more so you have a place to go while the rest of the city has to cut back on resources...police, fire, waste pickup, schools/teachers and many other things.
By the way you still haven't answered my question about Clark and Mr. Glass.
|
The city didn't make a bad deal. The city made a deal that required spending a relatively small amount of money that benefits the entire city.
What's to answer about Clark Hunt and David Glass? There was an agreement in place to increase taxes in order to spend $425,000,000 of public money on the stadiums.
The P&L District had an agreement in place in which the city would be liable for the portion of the debt that couldn't be repaid by Cordish.
In both cases, the deals were kept. I will go on record as saying that the money spent on the P&L District in downtown Kansas City was a much better investment than the $425,000,000 of money spent on refurbishing a couple of stadiums in Raytown.
According to the article, $212 million out of the $295 million went toward rebuilding the infrastructure in the Power & Light development area. In other words, the city got $212,000,000 worth of upgrades to it's downtown excluding the businesses. You can't say the same thing for the stadium boondoggle.
|