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View Full Version : Chiefs to ask League for $ help improving stadium


arrowheadnation
03-13-2006, 04:48 AM
Chiefs | Looking for help from league to improve stadium
Sun, 12 Mar 2006 22:16:37 -0800

The Kansas City Business Journal reports while promising to pay at least $100 million toward roofing and renovating Arrowhead Stadium, the Kansas City Chiefs have planned to obtain a no-interest, no-payment NFL loan for at least $34 million of the commitment. Since 1999, the NFL's G3 loan program has allowed teams to apply for stadium-construction loans covering as much as 34 percent of building costs, Chiefs' vice chairman Jack Steadman said. Jackson County, Missouri will ask voters on April 4 to approve an estimated $850 million in sales taxes during 25 years to finance $425 million in renovations to Kauffman and Arrowhead stadiums. Stadium tax opponent Terrance Nash said the NFL's money should defray the public's share of renovation costs rather than the Chiefs' expenses, which largely are devoted to expanding and renovating luxury seating.

Maybe we could hedge some on the side for free agency :D

chiefqueen
03-13-2006, 06:08 AM
Lamar used be getting to loans to pay off some of what is being paid off by taxes.

Won't matter anyway......it's going down big.

StcChief
03-13-2006, 07:10 AM
Going down...three penney's on 8 dollars. WOW.

BigChiefFan
03-13-2006, 07:14 AM
What's the other $425 mil going towards?

joesomebody
03-13-2006, 08:25 AM
What's the other $425 mil going towards?A lot of it will be interest and the rest is to Kaufman I beleive.

Bowser
03-13-2006, 08:29 AM
Lamar used be getting to loans to pay off some of what is being paid off by taxes.

Won't matter anyway......it's going down big.

Why? Don't tell me you've drank the Keitzman Kool-Aid.