All articles tagged with #stadium funding
Originally Published 18 days ago — by Kansas City Star
The Chiefs' departure from Arrowhead Stadium is partly attributed to longstanding opposition from former Jackson County Executive Frank White Jr., whose anti-stadium stance and subsequent recall have hindered efforts to secure funding and keep the team in Kansas City, leading to increased tensions and failed financial plans.
Originally Published 19 days ago — by NBC Sports
The Kansas City Chiefs are set to move from Missouri to Kansas in 2031 after Missouri voters rejected a sales tax extension to fund stadium renovations, leading Kansas to offer a better deal for a new stadium, which the team has accepted, marking a significant shift in the local sports landscape.
Originally Published 3 months ago — by Yahoo
The Chicago Bears announced plans for a new stadium in Arlington Heights, claiming it would be built without public funding, but they are now requesting $855 million for infrastructure, effectively shifting costs onto taxpayers while seeking ownership and revenue rights, highlighting a common NFL tactic to secure public funds under the guise of community benefit.
Originally Published 3 months ago — by SB Nation
The Chicago Bears announced plans for a new stadium in Arlington Heights, claiming it would be built without public funding, but they are now requesting $855 million for infrastructure, effectively shifting costs onto taxpayers while seeking ownership and revenue rights, highlighting a common NFL tactic to secure public funds under the guise of community benefit.
Originally Published 6 months ago — by Kansas City Star
The Kansas City Chiefs requested an extension of Kansas's stadium funding incentives, surprising Missouri officials who had recently approved a competing plan to keep the team in Missouri. The Chiefs' move is seen as part of ongoing negotiations, with Kansas planning to extend its program and Missouri expressing continued efforts to retain the team. The situation highlights the intense competition between the states to host the Chiefs and the economic implications involved.
Originally Published 6 months ago — by The New York Times
Hedge fund founder Trip Miller has made an all-cash offer to buy the Tampa Bay Rays, potentially challenging the current exclusive negotiations with a group led by Patrick Zalupski. Miller's group is willing to pay over $1.5 billion, including stadium costs, and aims to keep the team in the Tampa Bay area, with plans for a new stadium and local ownership. The sale process is complicated by previous stadium funding issues and the team's desire to remain in Central Florida.
Originally Published 7 months ago — by NBC Sports
The Missouri Senate approved a $1.5 billion plan to fund stadium renovations to keep the Chiefs at Arrowhead Stadium, with the legislation passing amid political negotiations and a deadline for the Chiefs' potential move to Kansas, where a new stadium is proposed.
Originally Published 1 year ago — by The Athletic
The St. Petersburg City Council has approved bonds to fund a new stadium for the Tampa Bay Rays, with a narrow 4-3 vote. This decision shifts the responsibility to the Pinellas County Board of County Commissioners, who will vote on the funding in December. The Rays have expressed concerns over increased costs due to delays, but council members believe approving the bonds will compel the team to adhere to the original deal. The Rays' current venue, Tropicana Field, is unplayable for 2025 due to hurricane damage, adding urgency to the situation.
Originally Published 1 year ago — by Sports Illustrated
The St. Petersburg City Council initially approved a $23 million loan to repair the Tampa Bay Rays' Tropicana Field roof, damaged by Hurricane Milton, but reversed the decision hours later. The council delayed consideration of revenue bonds for a new $1.3 billion ballpark, leaving the Rays to play the 2025 season at George M. Steinbrenner Field. The city is legally required to fix the roof, and the Rays hope for a resolution to have the stadium ready by 2026.
Originally Published 1 year ago — by Chicago Tribune
At the Chicagoland Chamber of Commerce’s annual meeting, Chicago Bears President Kevin Warren reiterated his pitch for a new domed stadium, emphasizing its potential economic benefits. However, Mayor Brandon Johnson and Governor J.B. Pritzker, who are crucial to the proposal's success, remained silent on the issue. Pritzker has expressed skepticism about the funding, and both leaders focused on other topics in their speeches. The Bears' plan involves significant public funding, which has faced resistance in Springfield.
Originally Published 1 year ago — by Cincy Jungle
The Kansas City Chiefs and Kansas City Royals failed to pass a sales tax extension for stadium funding, with 58% of voters rejecting the proposal. The article discusses the implications for Cincinnati Bengals ownership and suggests that stadium funding should benefit ordinary people. It also compares the careers of quarterbacks Andy Dalton and Jay Cutler, expressing a hope for a positive reception for Dalton's return to Cincinnati.
Originally Published 1 year ago — by Yahoo Sports
After a proposed tax for a new stadium was rejected by Jackson County voters, the wife of Kansas City Royals owner John Sherman warned that the team could move to Kansas, expressing frustration over the lack of support. This comes amid discussions about a new downtown ballpark for the Royals and renovations to Arrowhead Stadium, home of the Kansas City Chiefs. While the sentiment that the vote could lead to both teams leaving Missouri was echoed by a county legislator, the Royals have stated that they are exploring all options before making a decision, with their leases expiring in 2031.
Originally Published 1 year ago — by NBC Sports
The Chicago Bears have met with the state and city stadium authority to discuss public subsidies for a proposed domed lakefront stadium to replace Soldier Field, with the team committing $2 billion to the project. Illinois governor J.B. Pritzker is hesitant about using public funds for a stadium for a billion-dollar team, while the Bears hope the stadium authority will cover the remaining costs. The new facility would allow for year-round events, potentially increasing revenue, despite sacrificing the home-field advantage of outdoor elements.
Originally Published 1 year ago — by The Conversation Indonesia
Despite recent successes in securing taxpayer funding for sports facilities in other cities, the Kansas City Chiefs and Royals faced a setback as voters in Jackson County rejected a referendum to provide $2 billion in public funding for stadium renovations. This reflects a growing trend of taxpayers questioning the use of public money to cover private businesses' expenses, as research shows that the economic benefits of stadiums do not justify the large subsidies used to build them. The failure of the referendum in Kansas City highlights the importance of giving voters a direct say in approving such projects, as well as the diminishing effectiveness of tactics like relocation threats and charm offensives by team owners.
Originally Published 1 year ago — by Fox News
After a failed stadium funding vote in Kansas City, Dallas Mayor Eric Johnson took to social media to lobby for the Chiefs to relocate to Texas, citing the franchise's origins in the state. He suggested the Cotton Bowl as a potential home venue and expressed confidence in Dallas' ability to support another NFL team. The Chiefs still have years left on their lease at Arrowhead Stadium, but Johnson believes that Dallas has the demand and passion for football to welcome the two-time defending Super Bowl champions.