Newsflash: Kansas City Royals Downtown Stadium Won't Break Even

Progressive local media presents a gripe fest without many solutions or criticism of Mayor Q and council who passed the deal last week.

Also . . . A pet peeve . . .

Kansas City and the entire region lost money on the World Cup this year and there wasn't as much of a peep from any local newsies, so readers must forgive our skepticism of the "resistance" to NO VOTE subsidy.  

Meanwhile, we share more deets for all of our amateur economist friends . . . 

If Kansas City wants to break even on its $1.4 billion Royals stadium gamble, the stadium will need to generate: 

- Enough tax revenue from the stadium impact area to pay for the debt, totaling $1.4 billion over 30 years.

- At least as much tax revenue as Kauffman Stadium was bringing in each year, outside of the stadium impact area, to compensate for what the city will lose when Kauffman closes.

- Brand new tax revenue within the stadium impact area, meaning money that people would have otherwise spent outside of city limits, not just in a different part of the city.

Read more via www.TonysKansasCity.com links . . .

How will KC know if the $1.4 billion Royals ballpark pays off? Watch these 3 key factors

Kansas City bets a new Royals stadium will help pay for itself. Decades of research say it won't

Kansas City staff used a graphic of a rack of ribs to show how increased tax revenues from a "stadium impact area" could help pay Kansas City's share of construction costs. Economics and public policy experts say it's flawed logic: "These are magic ribs."