Sports
The Kansas City Chiefs have stunned Missouri lawmakers by formally requesting more time from the state of Kansas to finalize a stadium financing package, a clear sign that the NFL franchise is seriously considering relocating across the state line and leaving Arrowhead behind.
On Thursday, June 26, the Chiefs’ president, Mark Donovan, sent a letter to Kansas Senate president, Ty Masterson, seeking an extension to a previously set end-of-June deadline; which surprised officials in Missouri, where efforts have been underway to secure a stadium deal to keep the team in the state.
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For over 50 years, the Chiefs and MLB’s Kansas City Royals have shared the Truman Sports Complex, situated on the eastern edge of Kansas City, Missouri, a site that houses both Arrowhead Stadium and Kauffman Stadium.
However, the leases for both facilities with Jackson County are set to expire in January 2031. The franchises have been exploring future plans for several years, but Donovan’s request signaled a renewed seriousness in the Chiefs’ offer.
“Together we have the opportunity to bring the National Football League to Kansas,” Donovan wrote. “Anchored by a world-class domed stadium, new team headquarters, a state-of-the-art practice facility, and a vibrant mixed-use and entertainment district.
“We are excited about the potential for this project, which would represent the largest economic development initiative in the state’s history.
“Just as important, the presence of an NFL franchise in (Kansas) 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.”
Kansas prepares to snatch Chiefs – But Missouri fights back
Kansas lawmakers have been proactive, passing legislation authorizing bonds to finance up to 70 percent of the cost of new stadium construction in the state, a very tempting offer for Clark Hunt and his team of executives.
This aggressive posture created what some interpreted as leverage for the Chiefs and Royals to push Missouri for a better offer, which has been acknowledged by Kansas City, Missouri’s mayor, Quinton Lucas.
So, Missouri responded with a special legislative session earlier this month, called by Governor Mike Kehoe, to approve a competing stadium financing plan as they rush to keep the MLB and NFL teams within their state borders.
This proposal includes bond coverage of up to 50 percent of the cost for new or renovated stadiums, $50 million in tax credits per stadium, and additional yet – unspecified support from local governments.
This had been expected to be sufficient to retain the Chiefs, who have discussed a $1.15 billion renovation of Arrowhead Stadium but now this twist suggests Patrick Mahomes’ team could still explore their options.
Meanwhile for the Royals, they remain interested in a new downtown ballpark, but have also taken notable steps that suggest openness to relocation; meaning Missouri could quickly follow Oakland by losing two major league teams in a matter of years.
Last month, an affiliate of the Royals purchased the mortgage on a large parcel of land in Overland Park, Kansas, which is a move widely interpreted as laying the groundwork for a potential stadium district.
This news was originally published on this post .
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