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Friday, June 18, 2010

Corporate Welfare-Supported- Unfinished and Bankrupt KC-MO Plaza "West Edge" Project Headed For Auction


T
here are current KC-MO City Council members that approved the Tax-Increment Financing (TIF i.e. corporate welfare) for Bob Bernstein's West Edge fantasy.



The project went bankrupt- sits uncompleted and- according to this story in The KANSAS CITY BUSINESS JOURNAL- the property could well be auctioned-off with no floor- or minimum bid.


There's no mention in the KCBJ story telling how much this corporate welfare fiasco will cost KC-MO taxpayers- but then again it seems the City (Clowncil) has plenty of taxpayer's money to throw down holes (see proposed convention hotel pending-disaster).
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