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Legoland KC is supposed to be presented to the Olathe City council tonight. It
looks good except the current plan has tax payers paying 2/3 the cost. I don't
think people will be real excited about putting up this amount.
This has been discussed on local talk radio today ad nauseum. And their general
consensus is against the government financing.
From the article:
Two-thirds of the estimated cost of the proposed project would come from state
and city tax incentives and direct subsidies from Olathe. The breakdown of the
public financing:
•tax-increment financing bonds, $5.9 million.
•transportation development district bonds, $47 million.
•city-issued bonds, $64.3 million.
•STAR bonds, $556 million.
The article in Kansas City Star:
http://www.kansascity.com/mld/kansascity/business/15275009.htm
The Olathe mayor has released a statement that the city will not put up any
money.
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