Kansas lawmakers recently passed a plan that involves issuing bonds to finance the renovation of the Kansas City Chiefs and Royals stadiums. The plan, which has been dubbed a “leap of faith,” aims to secure the future of both sports teams in the state. The decision comes after years of debates and negotiations between the teams, lawmakers, and local officials.
The plan involves issuing up to $154 million in bonds to finance the renovations of both stadiums. The Chiefs stadium would receive $31.5 million for updates, while the Royals stadium would get $16 million for improvements. Supporters of the plan argue that investing in the stadiums will not only benefit the teams but also the local economy and community.
The decision to move forward with the plan was not an easy one, as many lawmakers were concerned about taking on such a financial risk. However, after much debate and consideration, the plan was ultimately approved by the state legislature. Governor Laura Kelly also showed her support for the plan, stating that it was a necessary step to ensure the long-term success of the teams and the state.
While some critics argue that the plan is a risky gamble, supporters believe that it is a necessary investment in the future of Kansas sports. By renovating the stadiums, the teams will be able to attract top talent, boost attendance, and generate more revenue for the state. Overall, the decision to pass the plan signals a commitment to supporting the Chiefs and Royals and securing their future in Kansas.
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Photo credit www.kansascity.com
