JOURNAL ARTICLE

Chiefs and Royals' $2 Billion Stadium Tax Denied by Voters.

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

  • Database: Business Source Ultimate 2 of 3

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

Abstract

Kansas City-area voters have rejected a sales tax extension that would have funded stadium projects for the NFL's Kansas City Chiefs and MLB's Royals. The tax, which would have raised over $2 billion over 40 years, was intended to support the Chiefs' renovation of Arrowhead Stadium and the Royals' construction of a new ballpark and entertainment district in downtown Kansas City. Critics argued that the tax would provide a large subsidy to wealthy team owners and expressed concerns about the potential displacement of small businesses and increased rents in the area. The teams have previously threatened to leave the city if the tax measure did not pass. [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:176409252
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