TOPEKA, Kan. (WIBW) – State lawmakers examined the deal to bring the Kansas City Chiefs and a $3 billion domed stadium to Kansas during a Wednesday hearing, raising questions about economic impact, aviation, jobs, taxes and STAR bonds.
Lawmakers met to review the Kansas City Chiefs’ term sheet, a 33-page document summarized in two pages.
“Just the construction job alone is gonna bring in right around 21,000 jobs, and then our projections also are showing about 4,000 new jobs created once the project is online and operating,” said Rachel Willis of the Kansas Department of Commerce.
The plan calls for a $1 billion investment to create entertainment districts at both the stadium site in Wyandotte County and the new practice facility site in Olathe. Those would include dining, shopping, offices and residential properties.
The Kansas Department of Commerce projects $1 billion in annual economic impact.
Chiefs officials said that the money will benefit the entire state.
“To go to pay things like the core services, the schools and roads, the things that we need and are very much a big responsibility for this body,” said Ron Ryckman, a Kansas City Chiefs representative.
Chiefs officials said their phones have been ringing with businesses eager to be part of the game plan.
“We are considering all those possibilities and looking at whether it’s right to go in Olathe or is it right to go in Wyandotte County or is that something right to go in other parts of the state,” said Korb Maxwell, a lawyer representing the Kansas City Chiefs.
To move forward, the Chiefs said lawmakers now have the ball.
“Authorizing that sports authority and then a reauthorization of STAR bonds are the two components that will need to come forward in this legislature,” Maxwell said.
Chiefs officials said this is the largest economic deal in Kansas.
The exact locations remain undetermined. The Chiefs have said the practice facility will be in Olathe. The stadium would be located somewhere around the I-70 and I-435 interchange near the Legends.
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