In the waning days of her reign, former Kansas City, Missouri, Mayor Kay Barnes tried to defend the city's extensive use of tax-increment financing (TIF). A stinging city audit said the TIF program had produced $233 million less than original projections. The normally cool Barnes called the report "biased" and "outrageous" at a press conference.A criticism of TIF is that in many cases it simply slides development from one part of town to another. The tax-incentivized Wal-Mart on the site of the
Courtesy of Populous​Owners of the Kansas City Wizards now want to build a stadium at Village West in Kansas City, Kansas. In this week's feature, I describe how the decision jolted public officials in Kansas City, Missouri, who thought the Wizards were going to kick soccer balls at the site of the old Bannister Mall.KCK's capture of the Wizards is being credited to Sales Tax and Revenue (STAR) bonds. A state program, STAR bonds essentially created Kansas Speedway and the Village West shopping