[Pompliano] The Chiefs’ new Kansas stadium deal is historically lopsided. While the state provides $3B in funding, the team keeps 100% of revenue. Even their $7M rent goes into a fund they control for operations. Kansas bears the massive cost, while the Chiefs keep all the profit.

29 comments

  3. Kansans already a severely underfunded state for education and infrastructure. Got absolutely wrecked on this deal, Yikes

  4. Let’s just say that neither Kansas nor Missouri are winners. Just one might lose less by having the stadium in their state.

  6. Wow, Clark Hunt is an asshole and this deal is proof. 

    In 5 – 10 years when this deal blow up in KS’s face…no one will have learned anything unfortunately and they’ll still push for publicly funded stadiums. 

  7. Disgusting. These owners always take advantage of tax payers. It isn’t right. The owners are billionaires and should pay their own damn stadiums.

  10. The real giveaway in all of this is seeing the STAR bond district doesn’t include the Lake Quivira country club and associated million dollar houses that is literally smack dab in the middle. Y’all got punked.

  12. https://www.arrowheadpride.com/kansas-city-chiefs-analysis/190523/how-kansas-star-bonds-will-finance-new-stadium

    People really need to understand how STAR bonds work. The only people paying for this are people who visit the Stadium/Practice Facility and surrounding areas. It’s not everyone in Wyandotte and Olathe paying. So this ain’t money being ‘taken away” from education, transportation, law enforcement, etc because the Chiefs aren’t generating money for them.

    I will probably have to make a post in the off-season that really breaks this down. I don’t think the regular season is a good time for it. But for now the article above explains them pretty well.

  13. Don’t get me wrong, I hate billionaires. In fact, fuck Hunt. However, this tweet is misleading because KS is footing that bill *at no cost to taxpayers.* I live in KS, and since I will be spending exactly $0.00 on STAR bonds (because I’m not dumb) then this will financially affect me 0%.

    I’m firmly in the camp of billionaires should completely fund their own shit. But this tweet and all the folks in the comments are mistaken, or at least misleading, and in a way that really matters.

  15. Copied what I posted from r/nfl since it was posted a few mins earlier.

    As someone who grew up 10 minutes from Arrowhead and has gone there for nearly 30 years, I’m glad my state didn’t bend the fucking knee to add another tax to Jackson county residents to fund the Hunts’ playplace.

    I have a great ton of memories there but this process just showed even with all the winning (more than we’ve ever had) the last decade and support (tailgates starting at 7 am sometimes, loudest stadium multiple times over the years, billionaires still gonna billionaire and go to the highest bidder.

    I’ll always still support the Chiefs but fuck Clark Hunt and his business ways with this one trying to spin this as a positive to our fans.

  16. Just another rich person deal. What is wrong with Americans we are bitches who just don’t give a shit or a nation of people with a domination fetish.

  19. Predatory capitalism at its core. Crazy work! Add this to the fact that Clark’s wealth and that of his family have significantly increased due to the success of the franchise these last 7 years. The hunts have money to spare but refuse to do so

  21. Haha. If this stadium could generate money, the Hunts wouldn’t be asking for money from tax payers. They would look for investors! Silly

  22. Chiefs fans laughing at chiefs fans losing the team, then more chiefs fans laughing at chiefs fans because they got fucked by a billionaire. You guys realize the real enemy in all of this is the Clark family right and not which side someone is on the state border

  23. The chiefs asked Missouri and Kansas to pull their pants down, grab their ankles and brace for a wild ride

    Missouri tried to negotiate

    Kansas showed up with no pants on to begin with and they even brought their own lube

  24. Wait, i’d like to leave the emotions out of it and actually get some facts straight.

    My understanding is that the stadium will be funded through the STAR bonds, the state sells the bonds, raises the funds and then repays the bonds through the sales taxes they’ll get from the stadium’s area, taxpayers in reality will not pay anything extra, basically the stadium will be paid by the people that will actually go to games.

    Am I understanding anything wrong here? Studies do show that you can recoup the money through the taxes from the area in relative moderate time and then the rest will be more money into the coffers of the state in the long run.

    So while indeed, you give out a new toy to a billionaire, you also make money in the long run by having the team there.

    Am I wrong in my understanding?

    Genuinely asking, trying to leave the emotions out of it and actually look at it objectively.

  25. So, the Chiefs keep all the revenue derived from hotel stays, restaurants, taxes and other economic impacts? Hmmm. 🤔

  28. What a scam perpetrated on the good people of Kansas (State,Cities, and Fans). The outlandish gift to the Hunt family is a sin. There are people whose farms are in jeopardy, there are families who are seeing enormous cost of living increases (food, health care, housing).
    Please stand up against this embezzlement.

  29. Arrowhead is one of the coolest stadiums I’ve been to but that location is garbage. The only two hotels within walking distance gouge to hell and back. If there were more options for lodging it may not cost $700+ on days of a home game.

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