More like 12%. The city is giving 3.5M worth of land and 35M in tourism funds that are collected from tourism fees. TIF incentives aren't backed by the city... So if their projections don't make it, the city's general fund is not on the hook.
Also, from some prior comments, convention inquiries are way up after the Hyatt announcement and conventions that would never talk to us are asking for our bids.
So much misinformation... No wonder nothing gets done in kc.