Kansas City, MO – City Manager Troy Schulte's comments to the Kansas City Star that the city will have to pay millions of dollars for up to ten years to subsidize Power and Light District TIFs prompted responses from several Kansas City council members Wednesday.
Kansas City, MO – Kansas City will pay a $250,000 deposit to take the Power and Light Building and the block around it off the market while studies continue on creating a new convention hotel on the site. But Mayor Funkhouser still thinks it's a bad idea.
The city will lose the quarter of a million it doesn't build a hotel on the property, and the mayor says the "found money" from the restaurant tax could be better spent on neighborhood infrastructure or marketing existing hotels.
Kansas City, Mo. – A city council committee is recommending that the city council allocate a quarter of a million dollars on an option to buy the block that contains the Power and Light building for a downtown convention hotel.
The planning and zoning committee is sending the full council resolutions to continue studying the possibility of a 1,000 room hotel and to pay New York's Gailord Enterprises $250,000 to take the property off the market for the year or so that study is expected to take.