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The sheer size, scope and total projected dollar amount of the Chiefs' project — which includes a new stadium in Wyandotte County and a new headquarters in Johnson County — dwarfs existing incentive districts in Overland Park and Olathe.
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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.
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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.
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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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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.
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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 incentives package approved Monday by Kansas lawmakers will help the Chiefs build a new $3 billion domed stadium.
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The massive tax and spending law signed in July halts a federal incentive for residential solar, and homeowners and installers are hurrying to complete projects before the end of the year. Industry experts say there are other ways to cut costs like "group buys."
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Under the new ownership of Dallas-based Gillon Property Group, a plan to revitalize Kansas City's Country Club Plaza is underway. Now, city officials and community leaders are facing a massive tax incentive request that they worry could hurt Kansas City Public Schools and other government services.
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After borrowing $1.4 billion to redevelop the Country Club Plaza, the Gillion Property Group is now seeking millions in tax breaks from a Kansas City agency. Residents are also concerned about new construction renderings showing 200-foot apartment buildings and a major change to the neighborhood’s style.
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As officials in Missouri try to attract data center proposals from companies, pushback grows in communities where the projects are planned. One expert says the economic benefit isn't crystal clear — especially if local governments give them tax breaks.