Here's Why Kansas STAR Bonds Stay Losing Royals & Chiefs Steal

Alternate post title . . . 

CHIEFS & ROYALS MOVE TO TORNADO ALLEY MIGHT BE MORE COMPLICATED THAN POLITICOS THINK!!!

Sure, sketchy financing might be an obstacle that Kansas can overcome . . .

But for the most part . . . Kansas biz people eager to steal the teams don't like talking about a laundry list of Sunflower State projects that didn't live up tot expectations.

Remember that The Legends DEFAULTED on $137-MILLION worth of loans back in 2011. And not even super-rich JoCo could make the economics of money losing Prairie Fire succeed.

And so . . .

Our www.TonysKansasCity.com blog community appreciates this inconvenient quote on economic reality that might be part of the reason why Kansas GOP leaders seemed slow to dig yet another money pit for themselves. 

Thus spoke Dave Helling . . .

"If the stadiums for the Chiefs or Royals or both are built in Kansas, they would most likely be privately owned by private developers, not publically owned, because STAR bonds are typically issued for private operation.

"If that turns out to the case, the stadiums would be subject to property tax.

"Can you imagine the battle in Wyandotte County over abating the property tax on a ONE AND A HALF BILLION DOLLAR STADIUM?!?

"Don't forget that would be an issue too: Abating the taxes on new stadiums if they move to Kansas."

UPDATE . . .

Just after we posted this we noticed they shared the clip via Youtube and it's worth a peek: 

Developing . . .