Kansas Approves Stadium Bonds to Attract Chiefs and Royals

Legislation sets stage for potential move of major league teams from Missouri, funding new stadiums with STAR bonds.

Kansas lawmakers passed a bill to finance up to 70% of new stadium costs for the Chiefs and Royals using STAR bonds.
Governor Laura Kelly is expected to sign the bill, which redirects lottery and sports betting revenues to repay the bonds over 30 years.
The move aims to capitalize on Missouri voters' rejection of a stadium sales tax extension in April.
Missouri officials are unlikely to respond with a counteroffer before the August primaries.
Economists express skepticism, citing studies that show limited economic benefits from publicly funded stadiums.