A formerly great news source offers important background and yet another glimpse at baller economics in theory if not practice . . . Check-it:
"It will be interesting to see how much money the Hunt family will want to put into the project themselves. They were willing to put $300 million of their own money toward renovations in the initial plan that Jackson County rejected. For a brand new stadium, there’s a chance the Hunts would put more equity into that type of move. The cost of building a new stadium would likely be between $2-$3 billion . . .A $1 billion investment would be required to get the STAR bonds, but there is potential for the entire project to be funded through the bonds. That would be a best-case financial scenario for the Hunt family and would be hard to turn down."
Read more via www.TonysKansasCity.com link . . .
Kansas Making Pitch to Bring KC Chiefs to the Sunflower State: What You Need to Know About STAR Bonds
The state of Kansas is looking to lure the Kansas City Chiefs to their side of the state line as the team considers leaving Arrowhead Stadium.
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