The city didn't back the Waddel and Reed building financially and they own it and issued the bonds for it.
The payment was legally setup originally 100% to come from the payroll taxes generated by the project
The city didn't back the Waddel and Reed building financially and they own it and issued the bonds for it.
You forgot to count the number of trains.alejandro46 wrote: ↑Fri Aug 27, 2021 9:37 am
On Gamedays you could limit traffic to main. Streetcar, peds and bikes only. Run double amount of trains.
There has already been hundreds of thousands spent behind the scenes by a group working on a downtown stadium. They’re not going to release a plan or site location until it’s a nice and neat package.aknowledgeableperson wrote: ↑Thu Aug 26, 2021 6:15 pmWho would own the stadium them. Serious, who will own it. If being built by tax money via public bonds it will be owned by some public entity especially when talking about that kind of money in this market. And tax revenue from a surrounding redevelopment district that is a laugh. P&L District can't even generate enough revenue to pay for the bonds used to build that area and those bonds didn't need a public vote. You will likely neednormalthings wrote: ↑Wed Aug 25, 2021 8:25 pm I don't think the stadium will be owned by the city. Tax revenues from a surrounding redevelopment district will pay for the stadium debt issuance.
We clearly do not sell enough seats reguarly to really need a 35,000 seat stadium. Not as bad as Tampa Bay or Miami but we are one of the worst in attendence.
$70M to $80 a year in tax revenue to make the bond payments. And that redevelopment would be taking place years after a stadium is built so those bond payments would need some sort of public assistance in the meantime.
Again were is the serious proposal to fund a downtown stadium. That needs to be found first before a site is selected.
I think they bought options for 10 additional vehiclesflyingember wrote: ↑Fri Aug 27, 2021 9:55 amYou forgot to count the number of trains.alejandro46 wrote: ↑Fri Aug 27, 2021 9:37 am
On Gamedays you could limit traffic to main. Streetcar, peds and bikes only. Run double amount of trains.
There's two spares today. The plan is to buy six more for UMKC. To double the number running the system would need to keep 10 spares on hand and would require buying not six but 14 trains.
What if they choose East Village as their stadium location?
I totally agree I wish it would just start already. I think they are just holding out for something to be announced. Not many developers in this city have foresight to start the ball rollingFangKC wrote: ↑Fri Aug 27, 2021 2:09 pm There is no reason that development can't start now on the parcels in the northern part of the East Village north of 10th Street -- starting with renovating the Blackstone Hotel. Financing is cheap now, and that building is in an opportunity zone, as are all the parcels in the East Village. Now is the time for the City to straighten Holmes from 8th to 9th to optimize development of the block the Blackstone Hotel is on.
https://www.google.com/maps/place/1401+ ... 94.5735256
What development around the stadium do people want? I don't think it needs many bars/restaurants considering there would be an entire entertainment district within walking distance. Residential and office make sense, but retail doesn't add up unless it's game day focused.
Game day retail, hostel, would like to see cafes. Large grocery store/target, and maybe but mostly lots and lots of residential. Ideally I’d like to see it even cross into Paseo heights a bitDColeKC wrote: ↑Fri Aug 27, 2021 3:02 pmWhat development around the stadium do people want? I don't think it needs many bars/restaurants considering there would be an entire entertainment district within walking distance. Residential and office make sense, but retail doesn't add up unless it's game day focused.
Basically, a new downtown stadium should only support all the investment already spent downtown, not hurt any of it.
If they do an extension they should really have long term plans on how to take it further eastFangKC wrote: ↑Fri Aug 27, 2021 5:40 pm DaveKCMO, thinking of the future, since the City and VanTrust will control the East Village parcels, isn't now the time to set up a transportation funding district overlay and get it approved for a streetcar extension through the East Village at least to Charlotte?
If the Royals will back the bonds, this isn’t an issue. The whole question we’re all asking is what are they backed by?flyingember wrote: ↑Fri Aug 27, 2021 9:44 amThe city didn't back the Waddel and Reed building financially and they own it and issued the bonds for it.
The payment was legally setup originally 100% to come from the payroll taxes generated by the project
I agree there shouldn't be a lot of duplication. I don't think it's fair to not allow a few neighborhood restaurants spread around (poke bowl, Italian, Indian, Vietnamese, Mexican, Chinese, Eastern European, Greek), a couple of coffee shops (Dunkin' Donuts, local one), a neighborhood pub--just not a complete connected entertainment district. I think most of the retail should be services: daycare, hair and nail salons/spa, pet grooming/boarding, gyms, a small grocery, medical offices, optical shop, florist, dry cleaner, bakery, liquor store, phone store, marijuana shop, Mailboxes Plus/UPS store, convenience store, mini-Staples/Office Depot, maybe financial services like a bank, credit union, tax preparation, and an investment office like Edward Jones or something similar.DColeKC wrote: ↑Fri Aug 27, 2021 3:02 pm
What development around the stadium do people want? I don't think it needs many bars/restaurants considering there would be an entire entertainment district within walking distance. Residential and office make sense, but retail doesn't add up unless it's game day focused.
Basically, a new downtown stadium should only support all the investment already spent downtown, not hurt any of it.
Of course it should be extended eventually. Right now though, the City and Van Trust will soon control most of the parcels in the East Village, so it would probably be easier to get a transportation tax district set up since there wouldn't be a lot of property owners and residents opposed to it. Once it's approved, and the EV fills in, then move to extend it east to Paseo West neighborhood.Riverite wrote: ↑Fri Aug 27, 2021 5:45 pmIf they do an extension they should really have long term plans on how to take it further eastFangKC wrote: ↑Fri Aug 27, 2021 5:40 pm DaveKCMO, thinking of the future, since the City and VanTrust will control the East Village parcels, isn't now the time to set up a transportation funding district overlay and get it approved for a streetcar extension through the East Village at least to Charlotte?