Marina
Kansas City’s vision for a new Royals stadium is gaining momentum. Mayor Quinton Lucas has expressed optimism that the stadium plan could soon be finalized, aligning with Governor Mike Kehoe’s call for a special legislative session on June 2 to address stadium funding and other critical issues.
The Show Me Sports Investment Act: A Game-Changer
Governor Kehoe’s proposed Show Me Sports Investment Act aims to keep the Kansas City Royals and Chiefs in Missouri by providing substantial financial incentives.
The act would allow the state to cover up to 50% of stadium costs through bonds, with teams eligible for up to $50 million in tax credits.
This initiative is crucial as both teams’ leases at the Truman Sports Complex expire in 2031, and neighboring Kansas has offered to fund up to 70% of new stadium costs to lure the teams across the state line .
Kansas City’s $1 Billion Offer to the Royals
Mayor Lucas has proposed a $1 billion package to the Royals, combining state and local incentives, to either build a new downtown stadium or renovate Kauffman Stadium.
This proposal, estimated between $1.2 to $1.4 billion, aims to fund the project without increasing taxes, utilizing existing revenue streams like the rental car sales tax .
Stadium Funding Overview
| Funding Source | Estimated Contribution |
|---|---|
| State Bonds (Missouri) | Up to 50% of stadium cost |
| Tax Credits | Up to $50 million |
| Kansas City Local Incentives | $1.2–$1.4 billion |
| Kansas STAR Bonds | Up to 70% of stadium cost |
Upcoming Special Legislative Session
The Missouri legislature will reconvene on June 2 for a special session to address the stadium funding proposal. Governor Kehoe emphasizes the urgency, stating that without a competitive offer, there’s a real risk of the teams relocating .
Potential Stadium Sites
The Royals are considering several locations for their new stadium, including:
- Downtown Kansas City’s Crossroads District: A proposed $2 billion stadium with a 34,000 seating capacity, aiming for completion by the 2028 MLB season .
- North Kansas City: An alternative site under consideration.
Kansas City developers have proposed designs that minimize displacement of local businesses and homes .
Chiefs’ Stadium Renovation Plans
The Kansas City Chiefs are planning to renovate Arrowhead Stadium, with improvements across all levels to enhance the fan experience. The renovation is part of the broader funding plan and is estimated to cost $50 million .
Public Opinion and Criticism
While the funding plans aim to retain the teams and boost economic development, they have faced criticism. Some argue that wealthy teams and owners should finance their own stadiums, citing the substantial profits from television contracts, ticket sales, and merchandise.
Concerns also revolve around the potential displacement of small businesses and the long-term financial impact on taxpayers .
The future of the Kansas City Royals and Chiefs in Missouri hinges on the upcoming legislative decisions. With substantial funding proposals on the table and the looming threat of relocation, the urgency to finalize plans is palpable.
Mayor Lucas’s optimism reflects a city eager to retain its beloved teams and revitalize its sports infrastructure. The coming weeks will be crucial in determining whether Kansas City can cross the finish line in this high-stakes stadium saga.