Yup, going into the season this looked like a big matchup that could decide the division and now it's going to be the Broncos just thumping what is left of our roster. Maybe we can make it 3 for 3 for torn ACL by our QB? Just sad how fast the wheels have come off and how this team looks like a shell of what it did a year ago.
For the cold weather cities, with the super high cost to build these stadiums these days probably want to be able to use them year round now for different types of events.
Yeah, that’s fair. I get it, but it kinda stinks. I will like to see the final four in KC though.
Arrowhead isn't the Chiefs stadium the city owns it. The Chiefs are just the primary tenant. Those 80$ parking passes on gameday go right to the city and not the Chiefs also. If the city doesn't want to help pay to build infrastructure that's their moron problem. I guess the Kansas side can get all the revenue. If you want anything in your town including a pro sports team the citizens need to help fund it. I don't want the Hunts to own the stadium personally. The airlines didn't pay for the new airport terminal. The Kansas side of the metro will continue to be amore attractive place to do business for everyone because they are willing to pay for infrastructure.
huddleup.substack.com
Once you get passed the state of Kansas coming up with the $1.8 billion for the stadium nothing else really is out of line. The original reports said setting was to be between 65,000 other 68,000, but the NFL has a rule that all new stadiums must seat at least 70,000, so that number will increase, the current Arrowhead seats 78,000 for football games.The Kansas City Chiefs Have Landed The Most Lopsided Stadium Deal In NFL History
I wasn’t planning on writing today, but the Kansas City Chiefs’ new stadium deal is too big to pass up.
It will be more than $1.8 million. That number doesn't include debt service interest and the estimate has no contingency built into it. Missouri didn't stand a chance with this deal...it is so incredibly lopsided to the Chiefs.
It maybe lopsided and the people of Kansas will not care, most of the funds will be provided by increases in the hotel/motel tax and other ways to bring in money. If you are the governor of Kansas this deal just assure you reelection if you decide to run again. The big loser here is the city of Kansas City Missouri and the fans and season ticket holders that lived in that county. They refused to come up with money to build the Chiefs a new stadium, the citizens of Kansas did. Some times you have to overpay to get something or keep something, they refused to do so, and lost the Chiefs to across the river. That is on them, no one else.
This is not true. They are being paid back from 6.5% sales tax generated in a 293 square mile district on the Kansas side of the metro. If you buy groceries at the Hy-Vee or Sam's Club at 135th and Nall in OP, 6.5% of your bill will go to the Chiefs. While it's not a new tax, it's a diversion of funds that will need to be made up somewhere else. Good luck with that, Kansas!
This isn't quite accurate. The sales tax used to pay back the bonds only applies to new developments within the district. So the HyVee or Sams that already exists today won’t pay toward the star bond. However, if a new HyVee or Sams was built in the Star bond district after it was established, then the sales tax would go to the bond. This is how they can claim that these funds don't take money away from roads, schools, etc, that it is only net new revenues that result from the stadium.
Didn't realize it was only new sales tax, so thanks for clarifying. Is it like TIF where the sales tax generated today is the base and anything above the base goes towards the bonds? So if the Menards out by the Legends sees a 50% increase in sales tax from this development, does that increase go towards the bonds, or is it strictly new development?
That is not true at all, your prices are not going to go up 6.5%, that money was already being collected, now will be used to pay off the STAR bonds that the state is issuing to pay off the stadium. Did the Chiefs gets sweet heart deal, maybe, but the bigger question is why did the state of Missouri not offer them that same deal. The Chiefs knew that the state of Kansas was going to give them what they wanted, gave the state of Missouri the same opportunity to match it and they did not. After the first vote in Missouri to raise the funds, many stated they would have voted for the Chiefs to get it, but not the royals, so the vote was not passed. Why did the public leaders in KC lump them together instead of typing to pass one bond issue for the Chiefs and another for the Royals is the question.
www.arrowheadpride.com
I never once said that prices will go up 6.5%. You said that most of these funds will come from increase in hotel/motel tax, which is not accurate. I was simply pointing out that the bonds are being paid for from an existing 6.5% state sales tax.That is not true at all, your prices are not going to go up 6.5%, that money was already being collected, now will be used to pay off the STAR bonds that the state is issuing to pay off the stadium. Did the Chiefs gets sweet heart deal, maybe, but the bigger question is why did the state of Missouri not offer them that same deal. The Chiefs knew that the state of Kansas was going to give them what they wanted, gave the state of Missouri the same opportunity to match it and they did not. After the first vote in Missouri to raise the funds, many stated they would have voted for the Chiefs to get it, but not the royals, so the vote was not passed. Why did the public leaders in KC lump them together instead of typing to pass one bond issue for the Chiefs and another for the Royals is the question.
Revisiting how Kansas STAR bonds will finance the Chiefs’ new stadium
How, exactly, will Kansas City’s new stadium be financed?
Laura Kelly can't run for reelection. Kansas has a two term limit for governor, and she is in her second term.
