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Community Benefits Agreement

All articles tagged with #community benefits agreement

sports1 year ago

"Future of Royals and Chiefs Stadium Plans in Question After Owner's Wife's Statement"

The Royals' hopes for a new stadium were dashed as a vote failed in Jackson County, prompting speculation about potential relocation to cities like Nashville or Salt Lake City. However, both teams are unlikely to move due to strong ties to Kansas City and lack of favorable conditions elsewhere. Despite the setback, a deal can still be reached in Kansas City if the teams present a complete plan, show humility, and address community concerns. Jackson County remains the fastest and easiest option for both teams, but negotiations and community engagement will be crucial for future success.

via Royals Review|
#community-benefits-agreement#kansas-city-chiefs#kansas-city-royals
sports-community1 year ago

"Assessing the Impact: Royals' Community Benefits Agreement and Stadium Sales Tax Endorsements"

The Kansas City Royals and Chiefs have announced a Community Benefits Agreement (CBA) for their proposed stadium projects, but community organizations have criticized the lack of substantial benefits for the community. The agreement includes vague promises and lacks concrete details on how the funds will be used to improve the lives of citizens. Critics argue that the teams' proposals seem to prioritize their own interests and lack a strong commitment to improving living and working conditions in Kansas City. The secretive nature of the negotiations and the close ties between the Royals and one of the remaining community organizations have raised suspicions. The upcoming vote on the tax extension for the projects has sparked debate about the potential impact on the community and the need for a more transparent and equitable outcome.

via Royals Review|
#community-benefits-agreement#kansas-city#kansas-city-royals
sports-community1 year ago

"Kansas City Chiefs and Royals Commit $270 Million for Community Benefits in Jackson County"

The Kansas City Chiefs and Royals have pledged a historic $266 million in Community Benefits Agreements with Jackson County, the largest in the city's history, encompassing commitments to support county residents for decades. The agreements include unprecedented guarantees for minority and women-owned business involvement in construction, as well as a wide range of initiatives such as employment benefits, healthcare, youth programming, diversity benefits, workforce assistance, education, and public transportation benefits. These commitments, contingent on a majority "Yes" vote in the upcoming election, aim to enhance the long-standing partnership between the teams and the county while injecting millions of dollars directly back into the community.

via chiefs.com|
#chiefs#community-benefits-agreement#jackson-county
sports1 year ago

"Kansas City Stadium Saga: Coalition's Departure and Chiefs' Potential Exit"

Members of the Good Jobs and Affordable Housing for All Coalition have left negotiations with the Kansas City Royals over a community benefits agreement for the new stadium after the team significantly reduced its proposed housing assurances. The Royals' latest proposal, obtained by KCUR, is valued at more than $120 million over 40 years, a significant decrease from the initial proposal put forward by the county coalition. The coalition has given the team until March 19 to finalize an agreement, and if it falls through, they encourage Jackson County residents to oppose the tax.

via KCUR|
#affordable-housing#community-benefits-agreement#kansas-city-royals
sports1 year ago

"Kansas City Royals' Crossroads Stadium Proposal Sparks Controversy and Excitement"

The Kansas City Royals have proposed a downtown ballpark in the Crossroads District, featuring a 34,000-seat stadium, hotel, office space, residential apartments, and an entertainment venue. The site, previously eliminated as a possibility, gained favor due to its tie-in with a proposed highway cap project and existing infrastructure. The project also includes plans for community benefits, but faces challenges in land acquisition and parking. The Royals aim to fund the $1 billion project through private financing and a proposed sales tax extension, with a target opening date in 2028.

via Royals Review|
#community-benefits-agreement#crossroads-district#downtown-ballpark
local-news2 years ago

Evanston City Council Set to Decide on Northwestern's $800M Ryan Field Project

The Evanston City Council is set to vote on Northwestern University's $800 million Ryan Field project, which includes demolishing the current stadium and building a new one with 35,000 seats. While the proposal has received some community support, there is opposition to hosting concerts at the venue due to concerns about noise pollution, traffic, and overcrowded parking. Northwestern has pledged $100 million in donations to the Evanston community over the next decade if the concert proposal is approved. The Most Livable City Association is calling for a delay in the vote, arguing that the project does not provide enough benefits to the city.

via NBC Chicago|
#community-benefits-agreement#evanston-city-council#local-news
sports2 years ago

Nevada lawmakers consider amended bill for Oakland A's stadium location and community investment.

Two amendments to the A's stadium bill have been proposed, which would restrict the stadium's location to the Tropicana Las Vegas site, expand the scope of the team's community benefits agreement, speed up the distribution of certain excess revenue into a homelessness prevention fund, and revive two bills vetoed earlier this month by Gov. Joe Lombardo. The amendments could potentially open a path forward for the stadium bill for skeptical lawmakers who had criticized the measure. The bill proposes up to $380 million in public financing for the stadium.

via The Nevada Independent|
#as-stadium#community-benefits-agreement#las-vegas
sports2 years ago

New Bills Stadium Construction Approved and Underway.

The Buffalo Bills have received unanimous approval for a 30-year lease for their new stadium, which is set to open in 2026. The stadium will cost $1.54 billion, with the team owners responsible for covering any excess costs. Included in the deal is a community benefits agreement and a nonrelocation agreement. The new stadium will be built across the road from the team's practice facility and will feature 60,000-62,000 seats, with a canopy overhang to protect fans from the elements.

via ESPN|
#buffalo-bills#community-benefits-agreement#new-stadium
banking2 years ago

First Citizens Bank acquires Silicon Valley Bank's assets in multi-billion dollar deal.

Community activists are urging First Citizens BancShares to uphold the $11.2 billion community benefits agreement made by Silicon Valley Bank (SVB) in 2021, which was set to run through December 2026. Following the implosion of SVB's banking unit, advocates are worried about the disruption and potential loss of the plan. Discussions between First Citizens and at least three community reinvestment groups began last week, and more detailed meetings could take place as early as this week. The fact that First Citizens is engaged in its own five-year community benefits plan is a good sign, but it remains to be seen whether the bank will uphold SVB's commitments.

via American Banker|
#banking#community-benefits-agreement#community-reinvestment