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Friday, May 06, 2011

Independence MO's Corporate Welfare Costs 16 City Workers' Jobs

The City of Independence's zeal to get corporate retail entities into their city has cost that Jackson County city millions of dollars and now- the jobs of 16 city employees.

The KANSAS CITY STAR reports (I never did see any such story in Independence's corporate/tax increase-cheerleading rag The EXAMINER) that a shortfall in revenues at a Bass Pro Shops-anchored retail area on the southwestern intersection of Interstates 70 and 470 required the city to pay $3.5 million recently to avoid defaulting on the bonds the city backed to build the retail development.

Another $4.1 million will probably also be needed for other payments in the near future.

The STAR's story mentioned that representatives from the retail center's development group- "Crackerneck Creek LLC-" could not be reached for comment.

No doubt they were out playing golf- an extended vacation in a tropical resort- or laughing in their BMW's while enroute to their banks....

CSW offers our condolences to the 16 City of Independence employees who won't be laughing at all in the foreseeable future...


1 comment:

Anonymous said...

Well Bass Pro needs to caugh up the money if they are short.

Stop spending all that money to sponsor race cars and what not and pay their short fall.

Oh wait sorry I have no idea what I am talking about.

Maybe laid off workers should sue city fathers for being idiots.