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John Sherman, Kansas City Royals chair and CEO, is proposing a $2 billion ballpark district.
The proposed project in downtown Kansas City would house a stadium for the baseball team, as well as shops, hotels, restaurants and affordable housing options.
The team currently is on a lease through 2031 at Kauffman Stadium.
"The renovations required at The K to achieve our objectives would cost as much or more than the price tag to develop a new ballpark," Sherman said.
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