…a proposed fast-food development in Argentine funded almost entirely by government grants or tax breaks might be voted on Monday by a committee of the Unified Government of Wyandotte County/Kansas City, Kan.
A nonprofit agency, Argentine Betterment Corp., is the developer of a proposed Wendy’s and Pizza Hut restaurant at the southeast corner of Metropolitan Avenue and 21st Street in Argentine, near a Save-A-Lot and Dollar General store.
The developer argues that there’s private money involved through an upfront $1 million loan for the $2 million project. But a closer examination shows that most of the project, including the loan, over time is likely paid through public sources.
…Unified Government staff said part of the reason it won’t recommend approval of the ABC project is the developer won’t agree to give the property back if it fails to finish the project 18 months after construction begins or if it fails to start construction 180 days after ABC gets all its permits and approvals.
(Read more: Kansas City Star)