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Missouri Gov. Mike Parson says he's not worried about Kansas' effort to poach the Kansas City Chiefs and Royals. But, he says Missouri will put together its own offer — if the teams make information public beforehand about their proposed stadium locations and costs.
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The legislation is an expansion of one of the state’s tax incentive programs and could help finance up to 70% of the cost for one or both teams to build a new stadium in Kansas.
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Missouri House Majority Leader Jon Patterson called the Kansas legislation a "wakeup call" and anticipates lawmakers will craft a response to keep the two teams.
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‘Do you really want to put that type of an economic generation in the hands of the state of Missouri?’ said one Kansas House member.
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STAR bonds, or sales tax and revenue bonds, pay for tourist attractions and then use the sales taxes collected at those attractions to pay off the construction debt.
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The Kansas City Chiefs also shut down a city block near the Kansas Capitol for a rally at the Celtic Fox restaurant on Tuesday.
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The legislation would expand a tax incentive program to help bankroll new stadiums for the teams.
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The offer would be available to all professional sports franchises ready to build stadiums costing at least $1 billion. Missouri Gov. Mike Parson said the state would develop a “competitive” count if Kansas stepped forward with a package.
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Chicago Bears executives and city leaders are appealing for $900 million in public funding and $1.5 billion for stadium-related infrastructure costs.
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An ownership group that’s trying to persuade St. Louis voters to help fund a professional soccer stadium said Tuesday that it will invest millions of…