Close Menu
Machinery Asia
  • Home
  • Industry News
  • Heavy Machinery
  • Backhoe Loader
  • Excavators
  • Skid Steer
  • Videos
  • Shopping
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Machinery Asia
Subscribe
  • Home
  • Industry News
  • Heavy Machinery
  • Backhoe Loader
  • Excavators
  • Skid Steer
  • Videos
  • Shopping
Machinery Asia
You are at:Home » Missouri offers incentives to prevent the heads from moving to Kansas
Industry News

Missouri offers incentives to prevent the heads from moving to Kansas

Machinery AsiaBy Machinery AsiaJune 18, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Tumblr

In a movement that could lead to hundreds of millions in dollars of stadium construction where the teams go, Missouri again hit Kansas to try to keep the Kansas City Chiefs football team and the Kansas City Royals basketball team in Movng. At the same time, a period is that the teams decide whether to accept a competing offer to build their stages in Kansas.

On June 14, Missouri Governor Mark Kehoe signed the “Show-Me Sports Investment Act”, which authorizes the bonds to cover up to 50% of the costs of the stadium and $ 50 million in tax credits for teams currently based on Kansas City, Mo.

The Missouri Law creates a tender war against the legislation passed in Kansas in 2024, which is intended to attract teams from the entire state line. It allows Kansas to use sales and income tax bonds for the National Football/Major League League League Stadium League of at least billion dollars, and would allow 70% funding to state obligations related to the tax revenue projected in the districts, which have not been identified, where stages would be located.

The deadline for the teams to accept the offer of Kansas is June 30.

Both teams currently play in the Truman Sports Complex, on the east side of Kansas City. The heads call the House of the Arrowhead Stadium and the Royals play the Kauffman Stadium.

Both teams, leases with the county of Jackson, Mo., who owns stadiums, will expire in January 2031, and the two franchises have tried to determine their next steps for several years.

The Kansas movement to attract both teams came after voters to Jackson County, Mo., rejected a proposal in March 2024 to expand a 3/8 currentth-Centation tax on sales to help pay to demolish and replace the 51 -year -old Kauffman stadium to finance the renewal of his neighbor, Arrowhead Stadium.

The Royals had presented a plan to create a $ 2 million district in the Kansas City junction district, on the outskirts of their center area. A new stadium, which would house 34,000, would have been built on the site of the old Star Kansas City building. It was proposed to have an adjoining development with office, residential and commercial space and a hotel.

The Plan of the Caps was for a renovation of $ 800 million from the Arrowhead Stadium, including a grass -covered area with Portell areas and a covered entertainment center that would have been built in the current place of the Kauffman Stadium. It would have included a new Contest connection bridge, new stadium services, retail spaces and toilets, an access tunnel, three new pedestrian bridges and a new parking cover.

The teams have not yet presented a stadium.

The sports investment law was approved by the Missouri legislature during a special session of mid -June 2025. The state representative Jim Murphy, a Republican of Sant Lluís, spoke in favor of the incentives. “I was in the corporate world,” he said. “There are people who say ‘oh. [the teams] It will not go there. Yes. They will go. “

Another Republican, the state representative, Darin Chappell, of Rogersville, Mo., spoke of providing public money to the stadiums. “Most people in my district cannot afford a ticket to any of these sporting events,” he said. “They are more concerned with putting food on the table, fuel in their deposit, paying their income and paying their taxes.”

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleAtlanta Readies for the next fast bus traffic project
Next Article New Mortal Triple Photos by Bechtel Texas shows the crane and the scaffolding
Machinery Asia
  • Website

Related Posts

Infrastructure: Everything you have always wanted to know but you were afraid to ask

July 15, 2025

Builders say a great law of beauty bill will feed the construction activity

July 15, 2025

Insufficient risk mapping, a underdevelopment cited in Texas flood tragedy

July 15, 2025
Leave A Reply Cancel Reply

  • Facebook
  • Twitter
  • Instagram
  • Pinterest
Don't Miss

Terex Finlay 694+

Infrastructure: Everything you have always wanted to know but you were afraid to ask

Bobcat® T550 Track Loader Walk-Around | Peak Machinery

Builders say a great law of beauty bill will feed the construction activity

Popular Posts

Terex Finlay 694+

July 15, 2025

Infrastructure: Everything you have always wanted to know but you were afraid to ask

July 15, 2025

Bobcat® T550 Track Loader Walk-Around | Peak Machinery

July 15, 2025

Builders say a great law of beauty bill will feed the construction activity

July 15, 2025
Heavy Machinery

All you need to know

July 15, 2025

A smart choice for performance and durability

July 14, 2025

Steel useful trailer: the transport solution of all kinds

July 14, 2025

What is the difference and which one do you need?

July 7, 2025

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Type above and press Enter to search. Press Esc to cancel.