Wichita news media Archives - Voice For Liberty

Intrust Bank Arena loss for 2019 nears $5 million

10

Oct

Intrust Bank Arena loss for 2019 nears $5 million

A truthful accounting of the finances of Intrust Bank Arena in downtown Wichita shows a large loss. The true state of the finances of the Intrust Bank Arena in downtown Wichita are not often a subject of public discussion. Arena boosters cite a revenue-sharing arrangement between the county and the arena operator, referring to this as profit or loss. But this arrangement is not an accurate and complete accounting, and it hides the true economics of the arena. What's missing is depreciation expense. There are at least two ways of looking at the finance of the arena. Nearly all attention…

18

Oct

By Guest Author

The Making of the Wichita Mayor 2019

The Making of the Wichita Mayor 2019 By Karl Peterjohn There are eight major lessons for Wichita voters when they cast their ballots on or before November 5, 2019, concerning the revelations of favoritism involving the mayor, apparently a majority of the city council, and a number of Wichita businesses and businessmen concerning a proposed massive city water plant contract that is close to half a billion dollars. The Wichita Eagle’s detailed reporting on this proposed contract, Mayor Longwell’s role deserves scrutiny at several different levels. Let me begin with full disclosure. Both Mayor Longwell and I are registered Republicans,…

09

Jun

By Bob Weeks

Wichita airport traffic

Traffic is rising at the Wichita airport. How does it compare to others? Passenger traffic at Wichita Dwight D. Eisenhower National Airport has been rising. We know that from news reports and social media. While rising activity is good, it's important to place Wichita in context with other airports. (The Wichita airport has reported data through April 2019, while comprehensive national data from the Bureau of Transportation Statistics is available through February, so these comparisons are through February.) Media reporting on the Wichita airport often uses "passengers" as the measure. The industry, however, uses "enplanements" as the most important measure…

The finances of Intrust Bank Arena in Wichita

10

May

By Bob Weeks

The finances of Intrust Bank Arena in Wichita

A truthful accounting of the finances of Intrust Bank Arena in downtown Wichita shows a large loss. Despite hosting the NCAA basketball tournament, the arena's "net income" fell. The true state of the finances of the Intrust Bank Arena in downtown Wichita are not often a subject of public discussion. Arena boosters cite a revenue-sharing arrangement between the county and the arena operator, referring to this as profit or loss. But this arrangement is not an accurate and complete accounting, and it hides the true economics of the arena. What's missing is depreciation expense. There are at least two ways…

Wichita Eagle calls for a responsible plan for higher taxes

22

Aug

By Bob Weeks

Wichita Eagle calls for a responsible plan for higher taxes

A Wichita Eagle editorial argues for higher property taxes to help the city grow. In a recent op-ed, the Wichita Eagle editorial board writes: "It’s hard to make the argument that Wichitans are overtaxed by their city government. It’s time for the community to look at how it helps the city grow. A responsible plan that asks Wichita families to chip in the cost of a family meal should be part of the conversation." [1. Wichita Eagle editorial board. Wichita, it’s time to consider a tax increase. It’s past time, actually. August 17, 2018. Available at https://www.kansas.com/opinion/editorials/article216790960.html.] First, note that…

18

Aug

By Bob Weeks

Wichita Eagle argues for higher taxes

The Wichita Eagle editorial board wants higher taxes. Relying on its data and arguments will lead citizens to misinformed and uninformed opinions. In a recent op-ed, the Wichita Eagle editorial board writes: "From the moment the budget was first proposed in July, city leaders made a point of emphasizing the city’s mill levy -- the rate by which property is taxed -- hasn’t been increased in 25 years. The 25-year figure wasn’t followed by exclamation points of pride or emojis of sadness. It’s just a fact: For one reason or another, the city’s mill levy hasn’t been increased." [1. Wichita…

Intrust Bank Arena loss for 2017 is $4,222,182

13

Apr

By Bob Weeks

Intrust Bank Arena loss for 2017 is $4,222,182

As in years past, a truthful accounting of the finances of Intrust Bank Arena in downtown Wichita shows a large loss. The true state of the finances of the Intrust Bank Arena in downtown Wichita are not often a subject of public discussion. Arena boosters cite a revenue-sharing arrangement between the county and the arena operator, referring to this as profit or loss. But this arrangement is not an accurate and complete accounting, and it hides the true economics of the arena. What's missing is depreciation expense. There are at least two ways of looking at the finance of the…

Project Wichita right to look ahead at city’s future

05

Apr

By Bob Weeks

Project Wichita right to look ahead at city’s future

We can understand self-serving politicians and bureaucrats. It's what they do. But a city's newspaper editorial board ought to be concerned with the truth. In February the Wichita Eagle editorialized about Project Wichita, a ramping-up effort to do something about the future of Wichita. [1. Wichita Eagle Editorial Board. Project Wichita right to look ahead at city’s future. Available at http://www.kansas.com/opinion/editorials/article198178899.html.] It's worthwhile to take a look at the op-ed, if only to learn something about the quality of Wichita Eagle editorial writing. I understand civic boosterism; the desire to paint a positive image of the future. But this rosy…

11

Dec

By Bob Weeks

Spirit Aerosystems incentives reported

Opinions vary on economic development incentives, but we ought to expect to be told the truth of the details. The Wichita Business Journal has reported on the economic development incentives used to cement the Spirit AeroSystems expansion announced last week. Following are some quotes from its article How Wichita won the battle for Spirit AeroSystems’ expansion. Background on the aspects of the deal can be found at Spirit expands in Wichita. Wichita Business Journal: "And many aren’t shy about bringing cash to the table as an incentive. In Wichita, in the wake of the defeat at the polls in 2014…

Intrust Bank Arena loss for 2016 is $4,293,901

13

Jul

By Bob Weeks

Intrust Bank Arena loss for 2016 is $4,293,901

As in years past, a truthful accounting of the finances of Intrust Bank Arena in downtown Wichita shows a large loss. The true state of the finances of the Intrust Bank Arena in downtown Wichita are not often a subject of public discussion. Arena boosters cite a revenue-sharing arrangement between the county and the arena operator, referring to this as profit or loss. But this arrangement is not an accurate and complete accounting, and hides the true economics of the arena. What's missing is depreciation expense. An example: In February 2015 the Wichita Eagle reported: "The arena’s net income for…