Analysis: Oread Inn owes fraction of what Lawrence says and Oread Wholesale ‘properly’ charged sales taxes

The latest disagreement between the developers of the Oread hotel and the city of Lawrence boils down to this: $90,000 vs. $500,000.

A new report commissioned by the Oread developers concedes the development group was overpaid about $90,000 in taxpayer funds as part of a special taxing district for the hotel near Kansas University’s campus. But the report vigorously denies that the development group owes nearly $500,000, which is what a report commissioned by the city earlier found.

Members of the Oread development group recently provided a host of documents to the Journal-World, including an analysis by BKD, LLP, a Kansas City, Mo.-based accounting and advisory firm that was hired by the development group to study the dispute.

(Read more: stories: News)

Leave a Comment