Kansas Lawmakers Approve Plan to Attract Chiefs and Royals with New Stadium Financing

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ICARO Media Group
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19/06/2024 19h31

In an exciting move aimed at luring the Kansas City Chiefs and the Kansas City Royals across state lines, Kansas lawmakers have given their approval to a plan that authorizes state bonds for financing new stadiums and practice facilities for both teams.

The bipartisan measure, which was passed by Kansas legislators on Tuesday, signifies a significant effort to secure the presence of these beloved teams within the Kansas City metro. Governor Laura Kelly expressed her support for the plan, emphasizing the positive impact it could have on the Kansas economy.

"With the potential addition of the Chiefs and Royals joining Sporting KC, Kansas has the opportunity to become a professional sports powerhouse," Governor Kelly stated. She highlighted the potential for robust, revenue-generating entertainment districts to be built around the new stadiums, offering new jobs, attracting visitors, and boosting the state's overall revenues.

This approval comes as a result of a two-month push by Kansas officials to take advantage of Missouri voters' rejection of a local sales tax previously used to fund stadium maintenance. However, Mayor Quinton Lucas of Kansas City, Missouri, has assured fans that he will present a plan to retain both teams amidst this competition.

Mayor Lucas described the approval as a move influenced by leverage, as the teams find themselves in an exceptional bargaining position. Under the plan, state bonds will cover up to 70% of the expenses for each new stadium, with repayments stretched over a 30-year period using revenue sources such as sports betting, state lottery ticket sales, and new sales and alcohol taxes generated from the surrounding entertainment districts.

The Chiefs and Royals have expressed their support for the legislation and the proactive involvement of Kansas in their decision-making process. The Chiefs, through a spokesperson, commended the expansion of the existing program and congratulated Kansas on passing the legislation. Meanwhile, the Royals expressed gratitude to the Kansas Legislature for providing a pragmatic tool to achieve economic development goals.

The passing of this measure represents a significant breakthrough for Kansas in its efforts to bring both teams within its borders. Exciting conversations lie ahead as options for the teams' future home are evaluated. Throughout the process, the Chiefs, Royals, and relevant stakeholders have pledged to prioritize the best interests of fans, associates, and taxpayers.

With the passage of this legislation, the state of Kansas is paving the way to solidify its status as a sports destination, potentially welcoming the Chiefs and Royals to join Sporting KC as major league attractions. The move promises not only thrilling sporting events but also a boost to the local economy, creating a win-win situation for all involved.

The Associated Press contributed to this report.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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