Overview

• Gov. Mike Kehoe called a special session and plans to sign legislation authorizing bonds for up to 50% of new or renovated stadium costs plus $50 million per project in tax credits.
• The package includes $100 million for open-ended tornado relief in St. Louis, $25 million for emergency housing assistance and a $5,000 insurance deductible tax credit.
• Kansas approved a bond program in June 2024 to cover up to 70% of new stadium costs for the Chiefs and Royals.
• The Chiefs and Royals, whose leases at Truman Sports Complex run through January 2031, have praised the incentives without committing to stay in Missouri.
• Critics, including Rep. Bryant Wolfin, argue the subsidies are fiscally reckless, potentially unconstitutional and favor wealthy team owners at public expense.