Local Investors Buy Under-performing Olathe Mall- Want City $$$ Help

Here we go again!

It seems in this day and age- no monied "investors" will touch a new construction project or buying of existing properties without taxpayer welfare.

The KANSAS CITY STAR reports that local investors have bought The Great Mall of The Great Plains from the firm that ran the mall's potential into the ground- well- nearly so.

Never mind shopping malls across America are failing- the local investors didn't just do this for civic pride.

The purchase and promised improvements come with a cost- to Olathe taxpayers.

Quote from THE STAR article buried more than halfway down the story:

"The new owners also are in talks with Olathe city officials about financial incentives for redevelopment. Block said the incentives are necessary to bring in “new and exciting and large retailers” that will set the mall apart from others in the area."

"“When times were good we gave the incentives to the Bass Pros and the Nebraska Furniture Marts,” Block said. “So what do you do when times aren’t as good?”"

You turn to corporate welfare- THAT'S what you do Mr. Block.

I look for existing businesses to start holding the cities they are located in hostage for tax incentives soon.

This will snowball until the individual American taxpayer finally revolts (some already have). Only then will all the taxpayer welfare for corporations end.

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