Missouri Governor Mike Parson is optimistic that Missouri will draft an aid plan to keep the Kansas City Chiefs and Royals in the state by the end of the year. Speaking on the state's intentions, Parson emphasized the importance of securing a deal that balances business interests with the benefits to Missouri taxpayers.
"We're going to make sure that we put the best business deal we can on the line," Parson stated. "I think by the end of this year, we're going to have something in place."
Currently, Kansas has already approved a financing scheme that could cover up to 70% of the costs for new stadiums for both teams. This competitive offer puts pressure on Missouri to finalize their proposed aid plan as the leases for the Chiefs and Royals' current neighboring stadiums in eastern Kansas City are set to expire in 2031. Royals owner John Sherman has explicitly mentioned that the team does not plan on playing in Kauffman Stadium beyond the 2030 season, adding urgency to the deliberations.
Jackson County Roadblocks
Jackson County voters recently rejected a sales tax proposal that would have funded a sizable portion of a more than $2 billion downtown ballpark district for the Royals. This tax proposal was also intended to contribute to an $800 million renovation of the Chiefs' Arrowhead Stadium. With this option off the table, Missouri must seek alternative solutions to keep their prized sports franchises.
Governor Parson underscored that any future proposal will need legislative approval and support from his successor and the incoming legislative body. "Has to work out on paper, where it's going to be beneficial to the taxpayers of Missouri," he remarked, highlighting the complexity of assembling a beneficial plan that garners political and public support.
Competitive Landscape
The competition between Missouri and Kansas for retaining the Chiefs and Royals adds another layer of complexity. Kansas’ expedited financing plan demonstrates its intent to lure the teams away. Parson acknowledged the challenge, suggesting that any state would similarly attempt to keep such valuable sports assets. "You know, if I was probably sitting there, I'd be doing the same thing. But at the end of the day, we're going to be competitive," he declared.
Neighboring Jacksonville's recent $1.25 billion stadium renovation deal for the NFL's Jaguars, which splits costs between the city and the team, serves as a potential model. Similar collaborative financing approaches could be explored to develop a feasible plan for Missouri.
No Special Session Planned
As of now, Governor Parson does not foresee calling a special legislative session to address this issue before his term concludes in January. The responsibility will likely fall to his successor and Missouri’s new legislative body to navigate the negotiations and finalize a practical solution.
Discussions on the Horizon
Meanwhile, conversations between the Chiefs, Royals, and the Kansas Department of Commerce could commence at any moment. While the Kansas agency has yet to establish a timeline for completing a deal, the intent to move forward indicates that negotiations could intensify imminently.
In conclusion, the race to retain the Kansas City Chiefs and Royals underscores the significance of professional sports teams to state economies. As both Missouri and Kansas vie for the opportunity, efficient planning and judicious decision-making will be critical. "The Kansas City Chiefs and Royals are big business," said Parson, summarizing the stakes involved. The ultimate outcome will shape the future sports landscape of the region for decades to come.