Quote:
Originally Posted by Fish
I posted this quite a few pages back, but I guess nobody clicked it. STAR bonds actually carry a great deal of uncertainty. They've never been used at close to as high of a level as would be necessary for the Chiefs or Royals. The closest thing is the Prairiefire project, which is now default on payments.
https://www.kansascity.com/news/poli...288422965.html |
They carry a risk for the investors that buy the bonds, not normal Kansas taxpayers.
Prairiefire is a dumb shopping center with a museum nobody cares about.
The Speedway was built on STAR bonds and was so successful it was paid off really early so there's you success story.