AMC Entertainment Inc. recently announced it will take a subsidy package from Kansas worth more than $40 million to run away with 450 headquarters jobs from downtown Kansas City, Missouri to the affluent Kansas suburb of Leawood (median income almost two and a half times the state average and home values more than three times the state average) in hyper-growth Johnson County.
It’s the latest episode of subsidized sprawl (the Kansas City Star did a great series on that issue 16 years ago!) and of subsidized interstate job flight across the Missouri-Kansas state line that was decried by 17 prominent business leaders there just last April.
The AMC drama has played out for a year and a half and is one of the reasons the Missouri state legislature is now holding a special session on economic development.
Who has the best title for a movie about subsidized corporate job flight from distressed cities at your local AMC theater?
September 29, 2011 at 8:33 pm |
It is curious. I guess my question is what can Johnson County offer AMC that KC cannot? I suspect the real issue is somthing no one wants to publically disclose, discuss or debate.
January 12, 2012 at 5:51 pm |
[…] downtown Kansas City, Missouri to a nearby suburb across the state line in Kansas. The deal was criticized as an egregious case of taxpayer-financed […]
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January 18, 2012 at 4:16 pm |
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