STAR Bonds

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.

Kansas lawmakers are offering billions in tax incentives to build a new domed stadium and convince the Chiefs to leave Missouri. University of Kansas associate professor Zachary Mohr joined KCUR's Up To Date to discuss how STAR bonds work, and what risks and benefits come with using them.

The state of Kansas will likely pay between $3-4 billion in taxpayer money to move the Kansas City Chiefs across state lines. While the new stadium will definitely generate new economic activity, the project's success may depend on local cities participating in the STAR bond district.

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.

Bonner Springs is giving more than $200 million of tax incentives for Mattel Adventure Park. City officials say it will boost the local tax revenues. But a public finance expert says the deal will mostly cost the state.

Even the poorest-drawing baseball teams can attract more than 1 million fans in a year, far more than any football stadium. As Kansas and Missouri continue their border war over Kansas City sports teams, should they be focused on courting the Royals over the Chiefs?

On Monday, lawmakers in Kansas opted to extend the deadline for state incentives, so that the Kansas City Chiefs and Royals have more time to negotiate building new stadiums across state lines. Kansas House Minority Leader Brandon Woodard joined KCUR's Up To Date to explain where things stand.

The teams have already had one year to negotiate with Kansas officials. But supporters say the deals are complicated — and are frustrated by delays.

Kansas City Chiefs president Mark Donovan asked Kansas officials to alter the deadline for a state incentive package “in light of substantial progress the Chiefs have made in discussions” about building a new stadium, headquarters, or other facilities across state lines.

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 proposed project at the corner of 119th Street and Renner Boulevard centers around an 18-acre, "ultra accessible" amusement park, a 5,000-seat multi-sport complex, and a hotel.

Two specific sites in Overland Park have been mentioned as possible landing places for a new baseball stadium. The Royals have been courted by Kansas after Kansas City voters rejected funding for a downtown ballpark — but the team hasn't actually provided plans yet.