TKC Told You So: Sketchy Port KC Financing Saves Royals & Chiefs?!?

Maybe. 

The only thing we know for certain is this . . .

As the broke-ass electorate seems rightfully hostile against taxes for pro-sports, the financing becomes more elaborate and unlikely.

And so . . .

Here's a peek at behind the scenes power moves that will fend off tough questions from voters until AFTER campaign 2024 and all of our local leaders get more info about their place in the world.

Here's a quote we liberated from behind a paywall . . .

"Should Port KC take part in a future Royals project, the agency could issue conduit bonds to exempt a ballpark district from property taxes and sales taxes on construction materials.

"Port KC also is empowered to create special taxing districts, in the form of Port Improvement Districts levying up to a 1% sales tax on bounded properties. Should such a district be drawn around a new Royals ballpark, the revenues theoretically could fund ongoing stadium operations and maintenance, similar to support the tool will provide for the streetcar's riverfront extension. The funds also could be pledged to bonds issued to fund a ballpark's upfront construction."

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

Could Royals, Chiefs seek stadium funds through a Port Authority? - Kansas City Business Journal

Port KC, or a new agency like it in Kansas, could factor into public financing and ownership of new stadium projects for the Royals and Chiefs, following Jackson County's sales tax defeat.