Wichita news media

Intrust Bank Arena loss for 2019 nears $5 million

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…
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The Making of the Wichita Mayor 2019

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,…
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Wichita airport traffic

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…
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The finances of Intrust Bank Arena in Wichita

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…
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Wichita Eagle calls for a responsible plan for higher taxes

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…
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Wichita Eagle argues for higher taxes

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

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…
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Project Wichita right to look ahead at city’s future

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…
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Spirit Aerosystems incentives reported

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

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…
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Coverage of Downtown Wichita workers

Coverage of Downtown Wichita workers

The Wichita Eagle's coverage of the number of workers in Downtown Wichita isn't fake news, just wrong news. A recent Wichita Eagle article reported on the number of workers in downtown Wichita, designated as zip code 67202: "The 67202 ZIP code had lost nearly 15 percent of its businesses and 20 percent of its employees in the decade ending in 2015, according to the U.S. Census’s County Business Pattern data. The loss of the State Office Building in 2016 and the Wichita school district’s downtown office this summer -- employees are moving to the former Southeast High School -- will…
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Fake government spawns fake news

Fake government spawns fake news

Discussions of public policy need to start from a common base of facts and information. An episode shows that both our state government and news media are not helping. A recent Hutchinson News article[3. Clarkin, Mary. Department of Education’s Dennis: Shocking number when looking at funding gap. Hutchinson News. April 17, 2017. http://www.hutchnews.com/news/local_state_news/department-of-education-s-dennis-shocking-number-when-looking-at/article_4abe359e-8421-53f9-a8d7-1eaa56e95423.html.] started with this: Once you wake up to where Kansas was in 1992 at funding schools and what it needs to do to get caught up, said the Kansas Department of Education’s Deputy Commissioner Dale Dennis, it’s a shocker. In 1992, base state aid per pupil was…
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For Wichita Eagle, no concern about relationships

For Wichita Eagle, no concern about relationships

Should the Wichita Eagle, a city's only daily newspaper and the state's largest, be concerned about the parties to its business relationships? It's a question that the Wichita Eagle should be considering. But the newspaper's top executives seem to have no concern. On February 14 I sent a message to the publisher and executive editor of the Wichita Eagle expressing my concerns about the newspaper's future landlords. That letter appears below. After several follow-up attempts by email and telephone, neither would respond. Sent I sent this message, I've found I was mistaken about the ownership of the building to where…
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The Joseph Ashby Show, revived

The Joseph Ashby Show, revived

He's no longer on AM radio at KQAM, but people still want to hear him. So for now there's the Joseph Ashby Show podcast. There are several ways to listen: Like The Joseph Ashby Show on Facebook. Click here for this. (Be sure to ask for notifications, or at least for posts to show at the top of your newsfeed.) Subscribe to the podcast on Podbean. Click here for this. Follow The Joseph Ashby Show on Twitter. Click on @JosephAshbyShow.
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Intrust Bank Arena loss for 2015 is $4.1 million

Intrust Bank Arena loss for 2015 is $4.1 million

The depreciation expense of Intrust Bank Arena in downtown Wichita recognizes and accounts for the sacrifices of the people of Sedgwick County and its visitors to pay for the arena. 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. There hasn't been much talk…
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Wichita Business Journal editorial missed the news on the Wichita economy

Wichita Business Journal editorial missed the news on the Wichita economy

A Wichita business newspaper's editorial ignores the history of our local economy. Even the history that it reported in its own pages. Of the several problems with a Wichita Business Journal editorial, the worst is the author's view that now, with the result of the David Dennis/Karl Peterjohn election for Sedgwick County Commission, the Wichita area can return to making progress in economic growth. The article is full of phrases like "good news for anyone in Wichita who values the city’s growth" and "We once took pride, in Wichita and in Kansas, in our record of pragmatic, collaborative economic growth."[1.…
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WichitaLiberty.TV: News media, hollow Kansas government, ideology vs. pragmatism

WichitaLiberty.TV: News media, hollow Kansas government, ideology vs. pragmatism

In this episode of WichitaLiberty.TV: New outlets for news, and criticism of the existing. Is Kansas government "hollowed out?" Ideology and pragmatism. View below, or click here to view at YouTube. Episode 124, broadcast July 17, 2016. Shownotes Kansas Memo on Facebook A short video on using Kansas Memo and other pages of Facebook The Honest Media on Facebook Renee Erickson's Facebook post Article: In Wichita, Meitzner, Clendenin sow seeds of distrust Article: Kansas government ‘hollowed-out’ Prager U: Free Courses for Free Minds
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‘Trump, Trump, Trump’ … oops!

An event in Wichita that made national headlines has so far turned out to be not the story news media enthusiastically promoted. When two Wichita State University students -- one a Muslim and also a student leader -- reported they were victims of a hate crime, national news media took up the story. A Washington Post headline read "'Trump! Trump! Trump!' attacker allegedly yelled as he beat Hispanic man, Muslim student." USA Today headlined with "Muslim student claims attacker yelled 'Trump, Trump!'' From the Wichita Eagle: "A Muslim student at Wichita State University says he and a Hispanic friend, who…
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