
"The Kansas City Chiefs announced Monday they will relocate across the Kansas-Missouri border in a new domed stadium that will be ready by the 2031 season. The move comes after a Kansas legislative committee approved a bonding package to support the move earlier in the day. The Chiefs have played at Arrowhead Stadium on the Missouri side of Kansas City since 1972. Kansas City (Mo) Mayor Quinton Lucas and city officials planned to address the media later Monday."
"The Legislative Coordinating Council, which includes the state's top lawmakers, voted unanimously inside a packed room at the state capitol to allow for STAR bonds to be issued to cover up to 70% of the cost of a stadium and accompanying district. The bonds would be paid off with state sales and liquor tax revenues generated in a defined area around it."
"The most likely landing place for the Chiefs is Kansas City, Kansas, near the Kansas Speedway and a retail and entertainment district known as The Legends. The area is also home to Children's Mercy Park, the home of MLS club Sporting Kansas City. The move by the Chiefs would be a massive blow to Missouri lawmakers and Gov. Mike Kehoe, who had been working on their own package to prevent a second NFL franchise in a decade from leaving their borders."
The Kansas City Chiefs announced a relocation across the Kansas-Missouri border to a new domed stadium scheduled for the 2031 season. Kansas lawmakers' Legislative Coordinating Council approved issuing STAR bonds to cover up to 70% of stadium and district costs, to be repaid with state sales and liquor tax revenues generated in a defined area. Chiefs owner Clark Hunt, team president Mark Donovan, and local officials attended the session. The most likely site is near Kansas Speedway and The Legends in Kansas City, Kansas, adjacent to Children's Mercy Park. The move represents a significant loss for Missouri officials who sought competing financing.
#kansas-city-chiefs #stadium-financing-star-bonds #kansas-city-kansas-relocation #kansasmissouri-politics
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