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City council results:
NO, but fix the plan and come back.
From the article:
Among the problems: The proposal does not include a guaranteed revenue stream to
pay for $64.3 million in bonds developers want the city to issue; public
participation would exceed the 50 percent limit the city had asked for; and
there was no dedicated revenue source to pay for the city police and fire
protection to serve the development.
Also from the article:
But Tim McKee, executive vice president of economic development for the Olathe
Chamber of Commerce, said it appears chances were growing slim that the project
would come to Olathe.
Article:
http://www.kansascity.com/mld/kansascity/15283340.htm
From local talk radio:
RED Development the company which is developing the "O-Zone" complex including
Legoland says the deal is not dead and they are planning to return with a
modified financing package.
Also, the Olathe mayor says he is excited about the possibility, but they city
will not pay that amount without the guarantees.
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Message has 3 Replies:
Message is in Reply To:
 | | Re: Newswatch: Fifth Legoland Park in Kansas City area in 2009
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| (...) I agree with you, but as long as Legoland is not owned by Lego, it is an amusement park like any other, and developers are going to use it as the draw for retail, hotels, other tourism, etc. and since it will increace the tax base enormously, (...) (18 years ago, 16-Aug-06, to lugnet.loc.us.ks, lugnet.loc.us.mo, lugnet.mediawatch, lugnet.legoland)
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