Kansas City Chiefs

The Kansas City Chiefs and Royals are weighing competing incentive packages offered by Missouri and Kansas to help fund new stadiums. There's a wave of professional sports teams that are seeking upgraded homes.

The bill is a response to action from Kansas, which passed legislation offering to pay 70% of the cost of building new stadiums for the Kansas City Chiefs and Royals. While the teams called Missouri’s plan competitive, neither has committed to staying.

The Missouri House closed the special session Wednesday with votes to finance professional sports stadiums in Kansas City and disaster relief.

Bills that would help fund new stadiums for the Kansas City Chiefs and Royals and provide $100 million in storm relief for St. Louis passed out of committees. If the House does not make any changes, the bills could pass the entire legislature on Wednesday.

Missouri state Sen. Rick Brattin stepped down as chair of the Missouri Freedom Caucus just days after voting in favor of a Kansas City stadium funding deal. The conservative group criticized the plan as a "handout to billionaire sports team owners."

The Missouri General Assembly appears poised to approve incentives to help the Kansas City Chiefs and Royals build or renovate their stadiums. But questions still remain over whether the teams will take the offer, or move to Kansas instead.

The stadium funding plan now goes to the Missouri House. While Kansas has offered to pay 70% of the cost of new stadiums if the Kansas City teams move, Missouri's offer would cover about half the cost.

The legislation aimed at the Chiefs and Royals is estimated to cost hundreds of millions of dollars. Missouri would pay up to half the cost of total project costs for building a new stadium or renovating an old one, and would have a clawback provision if the teams leave the state.

The heaviest lift appears to be passing legislation that would allow the state to help fund new stadiums or improvements for the Kansas City Chiefs and Royals.

A big incentive package from Kansas is expiring soon, the Royals are investing in properties across the metro and lawmakers are already fighting among themselves. Will Missouri's General Assembly be able to reach an agreement and end the drama over stadium funding?

As Missouri lawmakers prepare to debate a counter offer to keep the Royals and Chiefs in Kansas City, economists say Kansas’ proposal to use STAR bonds may not be financially feasible. “You are not going to generate enough net revenue to cover one of the facilities, let alone two,” one expert says.

The Senate Freedom Caucus is demanding tax cuts in exchange for not blocking stadium funds for the Royals and Chiefs, while Democrats retaliated for slights during the regular session by derailing the routine work of signing bills. The tensions don't bode well for next week's special session.