The Missouri House has endorsed a legislative framework offering financial incentives to keep the Kansas City Chiefs and Royals from relocating, amidst competition from Kansas's own incentives package. With support from Governor Mike Kehoe, the plan includes state-issued bonds covering half of stadium costs and tax credits up to $50 million. However, specific cost estimates and stadium locations are still to be negotiated. Legislative approval faces challenges, highlighted by dissent from some Senate members who label the plan as benefiting wealthy interests over state needs, with a looming deadline for decision-making before the end of the session.
Missouri lawmakers are scrambling to counter an offer from Kansas, which authorized its own incentives package last year after a failed sales tax extension for a ballpark district.
The legislation would authorize bonds of up to half the stadium costs and tax credits of up to $50 million, but specific costs and locations are yet to be determined.
#kansas-city-chiefs #kansas-city-royals #missouri-legislation #stadium-funding #financial-incentives
Collection
[
|
...
]