Kansas lawmakers are preparing to cast their votes on a significant proposal aimed at enticing the Kansas City Chiefs to relocate from Missouri to Kansas. This plan, which will be discussed on Monday, could potentially lead to the construction of a new stadium, replacing the current Arrowhead Stadium, which has been the team”s home for over five decades.
The proposal envisions a state-of-the-art facility that would not only serve the Chiefs but also host major events throughout the year. The owner of the team, Clark Hunt, is expected to be present at the legislative meeting to provide insight and support for the initiative.
If the proposal receives approval, it could pave the way for the Chiefs to announce their departure from the 53-year-old Truman Sports Complex. A key aspect of the funding plan involves the use of STAR bonds, which could finance up to 70% of the project”s total cost, with repayment derived from state tax revenues.
As discussions are ongoing, Kansas officials are actively negotiating with the Chiefs franchise, while their counterparts in Missouri are also working on a separate proposal to retain the team, highlighting the competitive nature of this bid.
