Tag: Kansas Development Finance Authority

Kansas bill offers bonding to cover 75% of cost to build Chiefs, Royals stadiums in Kansas

A bill is being presented to Kansas lawmakers aimed at attracting the Kansas City Royals or Kansas City Chiefs by offering bonds to cover 75% of stadium projects with a minimum $1 billion investment. The legislation includes incentives such as a 30-year payback schedule and earmarking revenue from sports gambling and sales tax to cover bond debt. Discussions and lobbying efforts continue among legislators and stakeholders.

Proposed KPERS bond buyback program could save Kansas millions in interest

by Rachel Mipro, Kansas Reflector February 6, 2023 TOPEKA — A new finance bill would buy back bonds used to...