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Public ownership of the new Chiefs stadium would shield bonds for the project from the federal income tax.
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If “hosting the 2026 FIFA World Cup” were a sport in and of itself, these past few months have shown that perhaps Kansas City wants this more than other cities. Plus: Federal funding woes and other issues facing the tournament with 100 days to go.
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The Unified Government’s STAR bond deal came with a Kansas promise to rebuild and repair three major bridges in Wyandotte County. But some officials say they want more commitments from the team.
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City documents reveal the exact proposed location of a new team training facility and headquarters: at the corner of College Boulevard and Ridgeview Road.
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Stadium deals in Kansas and Washington — both involving relocations within the same metropolitan area — have set separate records for taxpayer subsidies to sports teams. That's despite decades of research suggesting stadiums are a wasteful use of limited tax dollars.
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The Chiefs want to build a nearly $1 billion headquarters in Olathe, but the project still needs the city council's approval — because Olathe must chip in a portion of local sales tax revenues to help fund it.
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The state of Kansas is luring the Kansas City Chiefs across the state line with funding from STAR Bonds, a unique kind of tax incentive. The team plans to build a $3 billion stadium in Wyandotte County and a practice facility worth hundreds of millions of dollars in Olathe.
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Mayor Christal Watson said no decisions have been made on whether Wyandotte County will help pay for a new stadium for the Kansas City Chiefs. Some Kansas City, Kansas, residents worry local governments haven't been good stewards of their money.
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The FIFA President addressed outrage over ticket prices for the World Cup, which will include six games in Kansas City, by pointing to record demand and reiterating that most of the proceeds will help support soccer around the world.
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Following confirmation of the Kansas City Chiefs' impending move to Wyandotte County, residents on both sides of the state line said they have mixed feelings about the future.
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Kansas legislators leading the deal to move the Kansas City Chiefs see its approval as a major opportunity for the team and the new stadium’s location in Wyandotte County. On the Missouri side, businesses fear this will ensure the continued decline of the area around Arrowhead Stadium.
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A major tax incentive package approved by Kansas lawmakers will help the Chiefs build a new $3 billion domed stadium in Wyandotte County. Plus: A Classical KC contributor shares memories from Christmases past.