Kansas City metro policy expert Patrick Tuohey offers a deep dive into stadium financing better than all of the promotional garbage circulating on social media.
The main point . . .
The economic scheme for the upcoming Kansas Chiefs dome remains exceptionally sketchy and likely to leave taxpayers holding the bill.
Here's the word and probably the most important think TKC readers will learn today . . .
"Kansas has named its financing team for what could become one of the largest municipal bond deals in state history: $1.8 billion in special revenue bonds to help fund a $3 billion domed stadium for the Kansas City Chiefs, who plan to move across the state line by the 2031 NFL season. But even as the Kansas Department of Commerce promotes the deal, officials are quietly hedging on a crucial point: whether the bonds will be tax-exempt."
Read more via www.TonysKansasCity.com link . . .
Can Kansas really afford this stadium? - Better Cities Project
Kansas is considering $1.8 billion in potentially taxable bonds for a new Chiefs stadium. The structure of the deal raises more questions than it answers.
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