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Originally Posted by DRM08
$500M of taxpayer money for relatively minor upgrades. There’s a large chunk of the population who don’t care about sports. Even the people who care about sports don’t want taxpayer money to help fund these stadium projects.
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IDK, if 3/8 cent in 2007 is approved to keep the teams here until 2031, it is not a crazy ask to keep it there on a new lease for a couple more decades.
For current times, it is an anamoly that it is county owned stadiums that one team prefers to stay in and the other teams wants to move but needs a deal with the county to move before 2031, and they just assumed that required continued relationship with county on new stadium.
If the Royals or Chiefs end up in new stadiums, they should seek to own the buildings and the only public ask is for Star bonds in Kansas or TIF in KCMO. Possibly another public ask could be deal on land or a 100 year lease like KC Current has.
I think those could be ways to get development financing incentives that do not require voters approving a new tax. The value of those incentives would end up being more dollars than the ask on extending the 3/8ths and teams would own their building. Use the tax collections from the venues to repay the financing for a couple decades.
Chiefs or KCMO taking ownership of Arrowhead from County might be the best move for Arrowhead. County would look pretty stupid owning Arrowhead as a concert venue and possibly a UFL team. County would probably have to rename the place.
TBH, Considering that the NFL team salary cap for players is $255 million and the players do not even get half of the earned team revenue. The Chiefs probably could build and own their own venue and remain profitable, especailly if the only public ask was the same incentives available to developers.