The governor of Missouri said Friday that he will call the legislature to a special session to consider incentives aimed at preventing the bosses and royal of the city of Kansas from moving to Kansas after the legislators could not approve A plan During your regular annual session.
Republican governor Mike Kehoe wants his status to help with a renewed or new stadium for professional football leaders and with a new place in the home for baseball real ones. A KANSAS LAW Promulated last year authorizes state bonds for 70% of the cost of a new stadium, paying them for 30 years with revenues of sports betting, sales of Kansas lottery tickets and new taxes on sales and alcohol.
Voters in Jackson County, Missouri, where the teams are, encouraged Kansas officials to make a play for teams reject an extension of sales tax Last year, that would have helped finance a new stadium district of $ 2 billion for the reais and a renewal of $ 800 million of the Arrowhead stadium of the Chiefs.
The chiefs and the royals have played for more than 50 years in stadiums from side to side in eastern Kansas City, attracting fans of both states of the divided metropolitan area. His drafts of stadium last until 2031.
“This is a great economic development package,” Kehoe told journalists during a live press conference from the Missouri Capitol at Jefferson City. “I would like to see ourselves make sure we can solidify our offer with legislative approval.”
The Missouri Chamber controlled by the Republican Party on Tuesday approved a bill backed by Kehoe that would have allowed the State to issue bonds by half of the cost of the stadium projects and allow fiscal credits of up to $ 50 million. But the Senate controlled by the Republicans ended up abruptly in their regular session work on Wednesday after a controversial fight on an anti-abortion measure, without assuming the stadium financing measure.
At least some legislators of Kansas and Missouri of both parties are skeptical of state incentives. Many economists argue that public funds for stadiums It is not worth it Because sports tend to divert discretionary expenditure away from other forms of entertainment instead of generating new income.
