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In a committee meeting Monday, Kansas lawmakers discuss a bill to bring the Chiefs or the Royals to the state.
Posted June 18, 2024
Kansas lawmakers have been discussing a bill to bring the Kansas City Royals or Chiefs across the state line, following a joint committee meeting Monday.
The committee meeting came before the special legislative session called by Gov. Laura Kelly, which will take place Tuesday. Kansas lawmakers discussed a 40-page draft bill designed to bring one of the pro sports teams to the Sunflower State.
The bill would establish a Major Professional Sports Franchise STAR bond district. Furthermore, the proposed bill would adjust current STAR bond statutes, allowing for better incentives. Under the current law in Kansas, STAR bonds only cover 50% of the cost of development projects. The proposed bill would allow STAR bond to cover 70% of the project.
Additionally, the STAR bond would have a maturity date extension to a 30-year period whereas current STAR bonds only allow for a 20-year maturity date.
State sales tax revenue collected in the district and tax collected on alcohol sales in the district would be used to pay back the bonds.
