hat tip Naked Capitalism http://www.nakedcapitalism.com/
[excerpted] "In a last-ditch court hearing, activists seek to block a new Honeywell project.
In Kansas City, Missouri, a local zoning fight is going nuclear, literally: A Monday-morning courtroom showdown between activists and politicians could determine whether the city becomes host to the world's first privately owned nuclear weapons plant.
The proposed plant, a 1.5 million-square-foot, $673 million behemoth, would replace an aging facility, also in KC, where 85 percent (PDF) of the components for nation's nuclear arms are produced. The new plant would be run by the same government contractor as the old one—Honeywell—and proponents say the only major change will be more jobs and city infrastructure. But there will be another big difference: The federal government will sublease the property from a private developer, who in turn will lease it from the city for 20 years…after which the developer will own it outright.
The developer that could ultimately own its very own nuclear weapons plant, Centerpoint Zimmer (CPZ), didn't even exist until the deal for the Kansas City facility.
... In what it called a "competitive bidding process," the US General Services Administration awarded CPZ a contract to build the new plant—on a soybean field that the company already owned. The Kansas City Council, enticed by direct payments and a promise of "quality jobs," approved the deal and agreed to exempt CPZ from property taxes on the plant and surrounding land for 25 years. It also agreed to $815 million in bond subsidies to build the plant and needed infrastructure....
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