Newsflash: Funding Stadiums Risky & Kansas STAR Bond Record Kinda Sucks

Subtitle . . .

MAYBE THE TORNADO ALLY SCHEME FOR CHIEFS & ROYALS ISN'T VIABLE AS MANY POLITICOS & AMATEUR PUNDITS CONTEND?!?!

The reality is . . .

STAR bonds have been plagued by high profile defaults the Legends, Prairie Fire and a few other hopeful locations . . . It's harder to make a buck in Kansas then so many eco-devo geniuses contend. 

Accordingly . . .

Here's a reminder that all of that empty prairie space is there for a reason . . . Check-it:

"Fully financing a Chiefs stadium could mean issuing $2-3 billion in STAR bonds, and potentially $1.5 billion to $2 billion for the Royals. Never before have STAR bonds of that size been issued. As of 2020, $1.1 billion total in STAR bonds had been issued in total, according to a state audit. The Chiefs-Royals proposal could triple that. It is far from certain whether such a massive project could pay for itself solely with sales tax revenue."

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

Kansas plan to get Chiefs, Royals relies on billions in bonds with 'high degree of risk'

"It may not be obvious but you're going to end up paying for this and it's not going to pay for itself," one professor said.