As part of its financial agreement with the CDC-KC, the city originally agreed to sell more than $40 million in bonds to get the weed- and debris-strewn lot moving toward vertical construction. But then the bond market tanked and the CDC insisted that, to keep the project viable and to attract key land tenants, it needed money now.
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this is a bigger waste of taxpayers money than the light district, or the verizon center. ive never seen the city council and the mayors office so divided as it is now. mark funkhouser has tried to right many wrongs in this town. and the arrogance of the city council is bringing this city to par with detroit.
Good to see The Pitch's writers are as upset as I am re this latest corporate welfare.
And the council is talking about charging us for trash pickup because of the city's financial woes?
All the councilpeople need to take drug tests like most OTHER city employees....
Millions of city dollars to throw a long, cold shadow over the Plaza on these frigid winter days? Great use of our resources!
Just warms my cockles it does.
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I don�t want to hear again how Funkhouser �cost� the city up to $800,000 with his mouth; the Council just cost us $20 million through its lack of balls.