Overview
- 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.