
Ryan O'Connell
16.7K posts

Ryan O'Connell
@Oconnellryan
Ryan O'Connell, Co-Founder & COO at @weareboomn. Dedicated to helping brands, entrepreneurs and cities grow.



Will there be any pipefitters or ironworkers or painters or carpenters left in KC?















The Royals moving to Crown Center is a wild financial move that actually makes a lot of sense in ways that aren't obvious if this is how it plays out. From what I understand, Hallmark only occupies a small part of the complex and office vacancies are HIGH HIGH. BUT, since the Halls reportedly own it debt free and have likely moved past the primary tax benefits of the site, selling to the Royals allows them to 1031 Exchange a Dog into new projects and reset their tax advantages. It is hilarious that they are basically proposing the exact downtown concept that was already voted on, but this time instead of relocating local small biz, we're just relocating Hallmark. I'm a funny twist, this probably saves taxpayers from having to fund a massive Crown Center district revitalization later down the road too.




If everything goes right, new taxes generated by a $1.9 billion Royals ballpark will help pay off a $600 million city loan to help finance the deal. But if it goes wrong, that money could be drained from Kansas City's services.buff.ly/4Va1ApH


FRIDAY SEVERE THREAT - KC right in the middle of Level 3/5 risk zone - Timing: 1-9 pm area wide, KC: 3-7 pm - Highest risk may be as schools let out - Tornadoes & potato-sized hail possible - Significant extreme straight-line wind risk, computers simulating hurricane force gusts











