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Stadiumplans

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"Jackson County Debates Future of Chiefs, Royals Stadiums Amid Tax Extension Proposal"
sportsbusiness2 years ago

"Jackson County Debates Future of Chiefs, Royals Stadiums Amid Tax Extension Proposal"

The Kansas City Chiefs and Royals have announced a proposal to remain in Jackson County, contingent on voters extending a 3/8-cent sales tax. The Chiefs plan to renovate Arrowhead Stadium, while the Royals aim to build a new downtown stadium and a $1 billion ballpark district, with both teams offering over $200 million in economic benefits to the county. This includes taking on insurance costs and allowing the county to reallocate park tax funds, potentially saving the county up to $100 million. A crucial county legislature meeting is set for Monday to discuss placing the tax extension on the April ballot.