Chiefs sign 25 year lease.

Chiefs Express · 01-24-2006, 02:23 PM

CHIEFS SIGN NEW LEASE WITH JACKSON COUNTY, TEAM AWAITS APRIL VOTE

Jan 24, 2006, 1:32:27 PM

The Kansas City Chiefs today signed a lease with Jackson County, Missouri officials that will keep the team at the county’s Truman Sports Complex for the next 25 years. The lease was signed in a special ceremony at the Jackson County courthouse in downtown Kansas City. A lease was also agreed to by the Kansas City Royals, the Major League Baseball team that makes its home at Kauffman Stadium, located adjacent to Arrowhead Stadium in the Truman Sports Complex. The signing of the new leases leads the way for the county to put two sales tax issues to finance stadium improvements before Jackson County voters on April 4th of this year.
The new lease was “indeed welcome news for the sports fans of the area as well as the Chiefs organization,” said Lamar Hunt, Founder of the Kansas City Chiefs. “Our family and the entire Chiefs organization are committed to Kansas City and want to say how much we appreciate the ‘can-do’ attitude of the public officials who have helped the project reach this stage.“Thirty-eight years ago the citizens of Jackson County took the revolutionary step to build the Truman Sports Complex, which includes Arrowhead Stadium and Kauffman Stadium. These stadiums now require modernization and I think it is most appropriate that the two teams have committed to new 25-year leases, and that the public will at the same time have the parallel, but separate opportunity to vote to complete the original project design with the Rolling Roof.”The Rolling Roof will be one of two ballot measures that county officials are expected to put before voters. One will include a 3/8-cent sales tax increase to raise at least $425 million to pay for the work to the stadiums. A measure to fund the construction of the Rolling Roof that will move between both stadiums to combat inclement weather will be funded by what is known as a “use tax” charged to people in Jackson County who purchase items of $2,000 or more outside of the state. Use taxes are common in counties surrounding Jackson County.“This Rolling Roof facility, which will be the only one of its type in the world, will provide the opportunity for Kansas City to have a 21st century facility for the enjoyment of all in Mid-America,” Hunt continued. “Most importantly for the sports fans of the area is the opportunity to bring a future Super Bowl to the community and to help secure other mega-events with the assurance of weather protection.”Late last year, the National Football League voted to extend Kansas City a commitment to host a future Super Bowl contingent on the event being weather-protected. Kansas City’s Super Bowl is slated to fall within a year between 2012 and 2021. The new lease agreement, which will expire in 2031, includes provisions beyond the sales tax including $50 million in state tax credits and contributions totaling $100 million to be made from the Chiefs ($75 million) and the Royals ($25 million). In addition, the teams have agreed to pay for any cost overruns on work done to the respective stadiums.As a benefit to Jackson County taxpayers, the Chiefs have agreed to a one-dollar surcharge on each ticket sold to games and further intend to waive a five-percent surcharge for parking to Jackson County residents if they purchase season or single-game tickets in advance.

ChiefsfaninPA · 01-24-2006, 02:25 PM

Wow, this is the first I have heard of this.

SLAG · 01-24-2006, 02:27 PM

I thought this Post was going to be different from the other 25yr lease post

**Bowser** · 01-24-2006, 02:31 PM

Quote:

Originally Posted by SLAG02

I thought this Post was going to be different from the other 25yr lease post

What have we learned?

ChiefsfaninPA · 01-24-2006, 02:31 PM

I learned that it was an official ceremony held downtown, does this qualify.

Hammock Parties · 01-24-2006, 02:35 PM

All of you reerun Bronco fans crowing about "Los Angeles Chiefs" can officially....SHUT UP!

Chiefs Express · 01-24-2006, 02:59 PM

Quote:

Originally Posted by SLAG02

I thought this Post was going to be different from the other 25yr lease post

If I had seen the first 25 year lease post I wouldn't have posted this one. Some day I will learn to read past the first page.

SPchief · 01-24-2006, 03:01 PM

it was barley halfway down THE FIRST page.

Chiefs Express · 01-24-2006, 03:03 PM

Quote:

Originally Posted by SPchief

it was barley halfway down THE FIRST page.

Not when I posted it wasn't.

01-24-2006, 02:23 PM
Chiefs Express Banned Join Date: Jan 2006 Location: 3rd Rock from the Sun Casino cash: $10004900	Chiefs sign 25 year lease. CHIEFS SIGN NEW LEASE WITH JACKSON COUNTY, TEAM AWAITS APRIL VOTE Jan 24, 2006, 1:32:27 PM The Kansas City Chiefs today signed a lease with Jackson County, Missouri officials that will keep the team at the county’s Truman Sports Complex for the next 25 years. The lease was signed in a special ceremony at the Jackson County courthouse in downtown Kansas City. A lease was also agreed to by the Kansas City Royals, the Major League Baseball team that makes its home at Kauffman Stadium, located adjacent to Arrowhead Stadium in the Truman Sports Complex. The signing of the new leases leads the way for the county to put two sales tax issues to finance stadium improvements before Jackson County voters on April 4th of this year. The new lease was “indeed welcome news for the sports fans of the area as well as the Chiefs organization,” said Lamar Hunt, Founder of the Kansas City Chiefs. “Our family and the entire Chiefs organization are committed to Kansas City and want to say how much we appreciate the ‘can-do’ attitude of the public officials who have helped the project reach this stage.“Thirty-eight years ago the citizens of Jackson County took the revolutionary step to build the Truman Sports Complex, which includes Arrowhead Stadium and Kauffman Stadium. These stadiums now require modernization and I think it is most appropriate that the two teams have committed to new 25-year leases, and that the public will at the same time have the parallel, but separate opportunity to vote to complete the original project design with the Rolling Roof.”The Rolling Roof will be one of two ballot measures that county officials are expected to put before voters. One will include a 3/8-cent sales tax increase to raise at least $425 million to pay for the work to the stadiums. A measure to fund the construction of the Rolling Roof that will move between both stadiums to combat inclement weather will be funded by what is known as a “use tax” charged to people in Jackson County who purchase items of $2,000 or more outside of the state. Use taxes are common in counties surrounding Jackson County.“This Rolling Roof facility, which will be the only one of its type in the world, will provide the opportunity for Kansas City to have a 21st century facility for the enjoyment of all in Mid-America,” Hunt continued. “Most importantly for the sports fans of the area is the opportunity to bring a future Super Bowl to the community and to help secure other mega-events with the assurance of weather protection.”Late last year, the National Football League voted to extend Kansas City a commitment to host a future Super Bowl contingent on the event being weather-protected. Kansas City’s Super Bowl is slated to fall within a year between 2012 and 2021. The new lease agreement, which will expire in 2031, includes provisions beyond the sales tax including $50 million in state tax credits and contributions totaling $100 million to be made from the Chiefs ($75 million) and the Royals ($25 million). In addition, the teams have agreed to pay for any cost overruns on work done to the respective stadiums.As a benefit to Jackson County taxpayers, the Chiefs have agreed to a one-dollar surcharge on each ticket sold to games and further intend to waive a five-percent surcharge for parking to Jackson County residents if they purchase season or single-game tickets in advance.
Posts: 1,974

01-24-2006, 02:25 PM	#2
ChiefsfaninPA "F_ck Family Fun Night" Join Date: Nov 2005 Location: York, PA Casino cash: $10005025	Wow, this is the first I have heard of this.
Posts: 2,373

01-24-2006, 02:27 PM	#3
SLAG Superbowl MVP Join Date: Oct 2005 Location: OOOOOOOOOOOOOLATHE Casino cash: $9910252	I thought this Post was going to be different from the other 25yr lease post __________________ Ad astra per aspera
Posts: 11,177

01-24-2006, 02:31 PM	#5
ChiefsfaninPA "F_ck Family Fun Night" Join Date: Nov 2005 Location: York, PA Casino cash: $10005025	I learned that it was an official ceremony held downtown, does this qualify.
Posts: 2,373

01-24-2006, 02:35 PM	#6
Hammock Parties I'll be back. Join Date: Nov 2002 Casino cash: $1020478	All of you reerun Bronco fans crowing about "Los Angeles Chiefs" can officially....SHUT UP! __________________ Chiefs game films
Posts: 296,736

01-24-2006, 03:01 PM	#8
SPchief In Search of a Life Join Date: Feb 2004 Casino cash: $-1717095	it was barley halfway down THE FIRST page. __________________ Check out SPchief's fundraising page for Special Olympics Missouri - https://support.somo.org/fundraiser/5957339 ^^^^^^^^^^ Click here to help with a special cause. Please help me out
Posts: 36,178

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