Kansas Legislators Grill Chiefs Attorney on Economics Behind Deal to Bring Team Across State Line
Chiefs attorney says STAR bonds for $3 billion stadium and $300 million facility will be repaid 10 to 15 years early, boosting state revenue and creating 4,000 permanent jobs.
7 Articles
7 Articles
Kansas legislators grill Chiefs attorney on economics behind deal to bring team across state line
TOPEKA, Kan. — A Kansas City Chiefs attorney told legislators Wednesday that projections show STAR bonds financing the team’s stadium deal will be paid off 10 to 15 years earlier than the expected 30-year term, upping economic benefits for the…
Lt. Governor Toland won’t assure Kansans they won’t see tax increases from Chiefs stadium deal
Lt. Governor David Toland, who in his dual role as state Commerce Secretary was the architect of the STAR Bonds deal bringing the Chiefs to Kansas, refused to rule out a future tax increase as a result of the arrangement. In an interview with Fox 4 in Kansas City, Toland said the deal answered questions about the Chiefs’ future: “The Chiefs are coming to Kansas, and they’re coming to Kansas with a stadium that will open in 2031”, Toland flatly s…
‘The numbers are just not credible’: Kansas used flawed math to estimate economic impact of Chiefs relocation, experts say
Monica Curls still remembers being about 10 years old waiting around after Chiefs home games to get autographs from players on the team. Takeaways The Kansas Department of Commerce estimated more than 2 million people would go to the stadium district without tickets to a game. Economists doubt that. Kansas said the stadium will bring $4.4 billion in economic impact from construction alone. That’ll create 20,000 construction jobs and nearly 4…
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