tax incentive

The Unified Government passed an ordinance on a 7-3 vote to divert sales tax revenue to help finance the new Chiefs stadium in Kansas City, Kansas. Multiple residents expressed concerns about the city’s inability to adequately fund government functions while giving away millions to billionaires.

Olathe council members voted unanimously to commit some sales and hotel guest taxes revenues as part of the Chiefs deal that will bring a new training facility and HQ to the city. Many residents at a public hearing spoke against the plan over a lack of transparency.

Taxpayers will see several changes this filing season, including new exemptions, expanded deductions, and incentives that could influence where people choose to invest.

City documents reveal the exact proposed location of a new team training facility and headquarters: at the corner of College Boulevard and Ridgeview Road.

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.

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.

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.

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.

A major tax incentives package approved Monday by Kansas lawmakers will help the Chiefs build a new $3 billion domed stadium.