Tax fighters follow this story and might be surprised to see how effectively Missouri politicos maneuver around the law . . . But for now . . . Here's a nice baseline figure that's on the books . . .
But SB 3 further limits potential support for the Royals to revenue generated only at Kauffman Stadium. Let’s assume half that number, $17 million, is from the Royals’ Kauffman Stadium,* which aligns with estimates provided by Governor Mike Kehoe. If that entire amount were bonded at 6% interest over 30 years, Missouri would be able to give the Royals $234 million.
Another news outlet assumed a 4.5% interest rate over 30 years and concluded the state would be able to give the Royals about $274 million.
Either way, it’s a far cry from $900 million.
Read more via www.TonysKansasCity.com link . . .
Show-Me Blog -- By the Numbers: What Missouri Might Give the Royals
Developing . . .
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