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Kansas lawmakers vote to alter STAR bonds to lure Chiefs, Royals

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Kansas lawmakers approved legislation that would alter sales tax revenue bonds in an effort to lure the Kansas City Chiefs and/or Royals across state lines.

The legislation, which must be approved by Kansas Gov. Laura Kelly, would establish a Major Professional Sports Franchise STAR Bond District. The special tax district is designed for professional sports teams that are willing to invest $1 billion or more to develop a stadium with a capacity of at least 30,000 people.

Bonds would be paid off using incremental sales tax revenue from the development, according to the Kansas City Business Journal.

Read more from the Kansas City Business Journal.

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Stephenia@Ransin.com

where was KC, KS the last 60+ years while MO was supporting both teams... ??

Wednesday, June 19, 2024
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