Kansas lawmakers will meet Monday to discuss extending the state’s STAR bonds offer to the Kansas City Chiefs and Kansas City Royals.If one or both teams move across state lines, the incentives would cover up to 70% of a new stadium’s cost.That offer technically expired June 30, but a special committee can extend it for another year.Kansas Senate President Ty Masterson said on June 26 that Kansas City Chiefs President Mark Donovan made the request in a letter.”We are excited about the potential for this project, which would represent the largest economic development initiative in the state’s history,” Donovan wrote. “Just as important, the presence of an NFL franchise in the state will serve as a powerful engine for immediate and long-term growth — driving national attention, sustained tourism, and billions more in private development across the state. We believe the foundation is in place for something truly historic — not only for our team but for the future of the state’s economy and national profile.”Donovan said the Chiefs “remain fully committed” to the opportunity.The Missouri General Assembly, during a special session, approved the Show-Me Sports Investment Act.The Missouri plan covers up to 50% of stadium construction costs for teams tied to Major League Baseball or the NFL, provided the project exceeds $500 million.
TOPEKA, Kan. —
Kansas lawmakers will meet Monday to discuss extending the state’s STAR bonds offer to the Kansas City Chiefs and Kansas City Royals.
If one or both teams move across state lines, the incentives would cover up to 70% of a new stadium’s cost.
That offer technically expired June 30, but a special committee can extend it for another year.
Kansas Senate President Ty Masterson said on June 26 that Kansas City Chiefs President Mark Donovan made the request in a letter.
“We are excited about the potential for this project, which would represent the largest economic development initiative in the state’s history,” Donovan wrote. “Just as important, the presence of an NFL franchise in the state will serve as a powerful engine for immediate and long-term growth — driving national attention, sustained tourism, and billions more in private development across the state. We believe the foundation is in place for something truly historic — not only for our team but for the future of the state’s economy and national profile.”
Donovan said the Chiefs “remain fully committed” to the opportunity.
The Missouri General Assembly, during a special session, approved the Show-Me Sports Investment Act.
The Missouri plan covers up to 50% of stadium construction costs for teams tied to Major League Baseball or the NFL, provided the project exceeds $500 million.