Kansas City World Cup Financing Scheme Hopes To Distract Voters For Extraordinarily Costs

Here's what locals need to know about the World Cup coming to town . . .

POLITICOS & BIZ LEADERS PLAN TO LOOT TAXPAYER FUNDS WITHOUT VOTER APPROVAL!!!

In fact . . . 

I don't remember a vote to bring one of the most expensive soccer fest in the world to this cowtown. Do you???

And so . . . Check more deets on a financing move that doesn't exactly tell the whole story about where the money is coming from . . .

The mechanism in question could see tens of millions of dollars channeled into Arrowhead's modifications — without costing taxpayers a dime — so long as the Kansas City Chiefs and Kansas City Royals first give the go-ahead.

In late September 2021, financial advisory firm Stifel Nicolaus & Co. Inc. presented County Administrator Troy Schulte an option for a direct-purchase transaction that would involve issuing new bonds for Truman Sports Complex that would be retired using stadium revenues.

Morgan Stanley, an approved underwriter, would buy the bonds — in a principal amount not to exceed $40 million — and generate proceeds that Jackson County could use on certain tax-exempt eligible projects, according to a preliminary term sheet included among records the Kansas City Business Journal obtained through a Sunshine Law request.

Read more via www.TonysKansasCity.com link . . .

How to upgrade Arrowhead Stadium for World Cup, no cost to taxpayers

Since Kansas City's announcement as a 2026 FIFA World Cup host, there's been much ado about how to pay for temporary changes to GEHA Field at Arrowhead Stadium to accommodate playing soccer - but little in the way of specifics shared.