Sunday, February 08, 2009

Non-Disclosure Agreement Is A Red Light For Proposed KC-MO Citadel Plaza



It's a publically-financed project- millions of taxpayer dollars involved- led by 5th District Cpouncilman Terry Riley.


The $90.1-million project in the area of 63rd Street and Prospect will reportedly have 307,324 square feet of retail space- anchored by a yet-unknown supermarket.

The project has been stalled and the developer- CDC-KC- has requested and conditionally received $20.5-million in ADDITIONAL city taxpayer money.

CDC-KC- has acquired a "co-developer" in the project- local realtor Block & Company- to help land a tenant for the grocery store spot and other vacant spaces in the yet-to-be-built Citadel Plaza..

CDC-KC says ANY fees or charges paid to Block & Co. "be confidential"- according to the KANSAS CITY STAR on Thursday.

CONFIDENTIAL PAYOUTS??? WHAT??????????

KC-MO City Councilpeople: The Citadel Plaza project relies HEAVILY on taxpayer subsidies.

Taypayer money the City doesn't have- while elected and non-elected city officials threaten to raise taxes- fees and lay off hundreds of city employees due to a forecasted nearly $100-million shortfall in city revenue.

Let me make the following clear- as in angry caps:

IF THE CITY IS USING TAXPAYER DOLLARS IT DOESN'T HAVE FOR CITY PROJECTS THAT PROBABLY WON'T WORK- ALL DOLLARS USED IN THAT PROJECT MUST BE IN FULL DISCLOSURE TO THE TAXPAYING PUBLIC.

PERIOD.

You going to let THIS ride- fellow Kansas Citians?
___________

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