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2mo ago

Chiefs Seek Kansas Deadline Extension in Stadium Financing Duel

Lawmakers will meet July 7 to weigh retroactive approval of Kansas’ 70 percent STAR bond offer against Missouri’s competing stadium funding plan.

Kansas Senate President Ty Masterson is calling a meeting to discuss extending the timeline to negotiate stadium subsidies for Chiefs and Royals.
A giant American flag and fireworks fill the sky during the opening ceremonies for the home opener game between the Kansas City Chiefs and the LA Chargers on Thursday September 15, 2022 at Arrowhead Stadium in Kansas City, Missouri

Overview

  • Chiefs president Mark Donovan requested the June 30 deadline be extended in a letter to Kansas Senate President Ty Masterson, underscoring genuine discussions about relocating to Kansas.
  • The Legislative Coordinating Council is set to convene on July 7 and has the authority to retroactively extend the STAR bond deadline by up to a year under current Kansas law.
  • Missouri lawmakers approved a special session financing package earlier in June that covers up to 50 percent of new or renovated stadium costs but requires local contributions.
  • A Royals affiliate’s purchase of the Aspira campus mortgage in Overland Park and reports of Chiefs exploring multiple Kansas sites signal escalating interest on the Kansas side.
  • Kansas legislators could impose a shorter extension period than a full year, using statutory flexibility to match any proof of commitment from either franchise.