Thursday, February 25, 2010

Kansas City's Credit Rating Falls As Proposed Convention Hotel Plans Continue



O
n Wednesday- The KANSAS CITY STAR's Kevin Collison reports on a local firm's preliminary plans for a new- 1000-room convention hotel downtown.



That hotel would require heavy taxpayer subsidies to be built and probably to operate- especially in today's depressed economy.

So in the KANSAS CITY BUSINESS JOURNAL- a story there tells of how 2 of the 3 credit-rating agencies have actually dropped the city's credit rating.

With tens of millions of taxpayer dollars already flying out the window to subsidize non-essential projects like the Power & Light and Jazz Districts and a several billion-dollar sewer reconstruction bill and other immediate ESSENTIAL city needs looming - CAN THIS CITY AFFORD FURTHER NON-ESSENTIAL FLUFF PROJECTS ?

City councilman Ed Ford- among other clueless city officials- STILL seem to think so....

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Tornado Strikes Monroe LA With Confirmed Injuries

The tornado struck around noon on Easter Sunday. There is considerable damage repo rted in that northeastern Louisiana city of around 5000...