Power & Light District to cost taxpayers until Howl at the Moon opens on Mars
Sensible people at City Hall have looked at the numbers and determined that the decision to build a funporium in downtown Kansas City, Missouri, will ding taxpayers for years to come.
The news/non-news in today‘s Kansas City Star is that the Power & Light District will require an ongoing $10 million to $15 million annual subsidy. The city issued $295 million in bonds for the project in 2006 in the hope that visitors would buy enough burgers and vodka tonics to pay off the creditors. But faulty assumptions and the economic downtown have trashed that theory.