Expert Seyz: Kansas Corporate Welfare For Chiefs Hurts Other American Cities

We found an important line that deserves to be highlighted so that conscientious voters can understand the situation completely. 

The basics . . .

THE KANSAS DEAL FOR THE CHIEFS IS SO BAD . . .

How bad?!?!

THE KANSAS DEAL FOR THE CHIEFS IS SO BAD & HORRIBLY LOPSIDED THAT IT ACTUALLY HURTS EVERY OTHER CITY NEGOTIATING WITH NFL TEAMS!!! 

Here's the word . . .

“Kansas lawmakers have done every NFL team and every pro-subsidy lawmaker everywhere else in the country a huge favor, because now teams can look at the Kansas deal and say, ‘Hey, what we’re asking for is not nearly as bad or as crazy or stupid as what Kansas is offering,’” Geoffrey Propheter, who studies stadium deals as an associate professor in the School of Public Affairs at the University of Colorado Denver said. “So now we’ve just pushed the expectation upward.”

The Chiefs deal is poised to surpass the $1.48 billion in inflation-adjusted dollars awarded to Montreal’s Olympic Stadium, opened in 1976, marking it as the costliest outlay ever in the U.S. and Canada, said J.C. Bradbury, a Kennesaw State University economics professor who researches stadium subsidies.

Adjusted to 2024 dollars, the median stadium subsidy for projects that opened in the 2010s was about $400 million. That increased to $605 million for projects slated to open in the 2020s. Already, 2030s-era projects have reached a median of $825 million, he said.

“There are many different ways we can measure these deals,” he said, “but by any metric, the recent Chiefs and Commanders deals are historically high.”

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

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