"TOPEKA, Kan. -- Kansas lawmakers approved a proposal Monday to help pay for a new stadium for the Kansas City Chiefs, which is expected to lure one of the NFL's iconic franchises across the state line from Missouri and replace popular but aging Arrowhead Stadium. The Legislative Coordinating Council, which includes the state's top lawmakers, voted unanimously inside a packed room at the state capitol"
"The council meeting was attended by Chiefs owner Clark Hunt and team president Mark Donovan, along with other officials. They are expected to announce their intention to move later Monday from their longtime home in Kansas City, Missouri. Kansas Gov. Laura Kelly has called a news conference for 3 p.m. local time "to present a major economic development announcement for the State of Kansas and the Kansas City Region." She will be joined by legislators and Kansas City-area representatives."
"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"
Kansas lawmakers authorized the Legislative Coordinating Council to allow STAR bonds to cover up to 70% of the cost of a new stadium and accompanying district, with the bonds to be repaid from state sales and liquor tax revenues generated in a defined area. Chiefs owner Clark Hunt and team president Mark Donovan attended the meeting and are expected to announce a move from Kansas City, Missouri. Governor Laura Kelly scheduled a news conference to present a major economic development announcement and will be joined by legislators and regional representatives. The likely site is Kansas City, Kansas near the Kansas Speedway and The Legends, an area that includes Children's Mercy Park. The potential relocation would significantly impact Missouri officials who had pursued alternate financing and incentives.
Read at ESPN.com
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