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Ahead of a tax extension vote worth HUNDREDS OF MILLIONS THAT STILL WON'T PROVIDE ENOUGH CASH FOR THE DOWNTOWN STADIUM IN FULL OR YET ANOTHER PROPOSED ENTERTAINMENT DISTRICT . . . Here's a worthwhile roundup and more info:
"The Royals are expected to announce the site of their new stadium in Jackson County and KCMO that is acceptable to the county by the end of this month.
"If approved by a majority of those voting, the new park sales tax will be used to pay for the county’s share of this work and its share for maintaining and operating both stadiums as specified by lease and development agreements with both teams that are required to be finalized and made public before the April 2 vote.
"The ordinance submitting the tax to the voters noted both teams already have committed to pay for insurance coverage for the stadiums which is estimated to save the county hundreds of millions of dollars over the life of the leases.
"The teams also have agreed to forego receiving any park property tax funding in addition to the funding generated by the new sales tax over the life of the leases.
"They are expected to finalize community benefit agreements for both stadiums before the April 2 vote which will specify the teams’ responsibilities to help the community such as agreeing to provide living wages to all stadium employees and providing opportunities for local businesses to provide services to the stadiums.
"The ballot measure specifies that the existing 25-year 3/8-cent countywide capital improvements sales tax approved by voters in 2006 for the stadiums now set to expire in 2031 will be repealed and replaced by the proposed 40-year 3/8-cent countywide park sales tax."
Read more via www.TonysKansasCity.com link . . .
Jackson County residents to vote on 40-year sales tax for stadiums
County Executive Frank White, Jr., vetoed the measure on January 18, to secure "a more concrete and mutually beneficial agreement with the teams." His veto was quickly overridden.
Why KC Chiefs founder Lamar Hunt would have loved what's in store at Arrowhead
The 2026 FIFA World Cup is coming to Kansas City and so are the Kansas Jayhawks for football, largely because of Chiefs' Arrowhead Stadium.
Jackson County Legislature approves letter of intent with Royals, Chiefs
The framework for a deal to build a new Royals stadium and renovate Arrowhead for the Chiefs moved forward on Monday.
Developing . . .
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