JOURNAL ARTICLE

NFL's Kelce, Mahomes Urge Kansas City to Seal $2 Billion Subsidy.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Davis, Miranda; Albright, Amanda; Adler, Maxwell 3 of 3

Abstract

Travis Kelce and Patrick Mahomes, NFL stars for the Kansas City Chiefs, are urging Kansas City voters to approve a tax that would raise up to $2 billion for two stadiums. The revenue would fund the relocation of the Kansas City Royals baseball team into a new downtown ballpark so that the Chiefs can expand into the space currently occupied by the Royals. However, the approval is not guaranteed, as there is opposition to the measure, with concerns about the team owners' contribution and the impact on local businesses and residents. Public financing of professional sports venues has been a contentious issue, with some teams opting for private financing instead. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/04, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2024
  • Accession Number:176359968
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