Kansas Gov. Laura Kelly announced on Dec. 22 that the Kansas City Chiefs are hopping the state line to build a new stadium in Kansas City, Kansas, and that Olathe will be the home of the NFL team’s new headquarters and training facility. Despite the big announcement, the deal for the $3 billion project isn’t finalized, and specifics of the deal remain largely under wraps. At least $1.8 billion in sales tax revenue raised by state-backed STAR bonds — a financing tool that uses sales tax revenues generated by a project to pay for developments — will help pay for the stadium in KCK. STAR bonds are also set to pay for up to $975 million more in costs related to the team HQ in Olathe and a surrounding mixed-use district that’s being promised as part of that. Despite the celebration last month on the part of state, local and team officials when the deal was unveiled in Topeka, some big votes remain for local governments, including in Wyandotte County and Olathe, where the new facilities are slated to go.
Read more: Johnson County Post
