Forever in our hearts: A minute ago, The Kansas City Chiefs legend Patrick Mahomes and wife died in a car crash…..
Though much of the attention has focused on Kansas’ push to serve as the next home for the Kansas City Chiefs, staying in Missouri remains a strong option.
“We are in some pretty significant conversations with leadership on the Missouri side,” Chiefs president Mark Donovan said.
“We are in discussions with the folks in Kansas. We are in discussions and continue our discussions with the folks in Missouri.”
The Chiefs’ current home — GEHA Field at Arrowhead Stadium — resides on the Missouri side of the border, but there had been speculation they’d jump to Kansas after that state’s governor, Laura Kelly, signed into law on June 21 an expansive plan to issue STAR (sales tax and revenue) bonds.
Kansas is one of three states that has this unique funding system, and under this proposal, state lawmakers would issue bonds for up to 70% of the estimated cost of the stadium project.
“We appreciate the effort that the Kansas legislature made to really supercharge STAR Bonds to make it make sense for a professional sports team to come over there and take advantage of that,” Donovan said. “We don’t take that for granted.”
According to this Kansas plan, some of the state’s retail sales tax from the stadium and surrounding business districts — in addition to lottery and sports betting dollars — would go toward paying off the stadium’s STAR bonds.
