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Missouri side just needs to do better than 70% probably
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Chiefs to Kansas. Royals and Cardinals get big bucks from Missouri. That's the likely plan
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If Legends really is the new location that drive from the airport is going to be insanely easy.
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Yesterday at the Jackson County Legislative Meeting a proposed 3/8 cent sales tax for the Chiefs only for 40 years passed through committee and could be put on the Jackson County ballot for this November.
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Kansas is only second to Texas in football history
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I don't know exactly where the Chiefs are going but this is a business - they will go where the money is. |
How many Amish does it take to build a football stadium in Kansas
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If fans and cities believed their team isn't going to move then what is the incentive for cities to pay billions of dollars to keep them? |
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The main difference is the Chiefs' owner isn't a complete piece of shit. |
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Looks like the Chiefs finally decided to do it themselves... |
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The Chiefs haven't exhausted their options in the KC metro region, yet. It would look horrible for them and for the league for them to go shopping themselves around until they get further along in the process, especially given that they'd be courting mid-major cities, not somewhere like LA. |
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lol okay except for the huge parking area any plan is required to build. They have all the room in the world in that Southwest corner |
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Considering we have no idea where it will be built that's an impossible thing to say, you have zero idea where parking will be
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Still don't understand why Jackson County didn't just vote to continue what they have. Why open the door like this?
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Frank White never shows up to Jackson County meetings because he is the 1st base coach for the Monarchs (formerly T-Bones). Who knows what he is thinking? He seems to have little communication with other legislators. State $$ from Missouri is partially dependent on who wins the 8/6 GOP primary for governor. Kehoe will play ball with the teams. Ashcroft says he is a no. Eigel is a hell no. If one of the latter 2 wins, then Parson will have to pull some strings on the way out the door. Some have floated a special session, some think Parson can give them economic development on the way out the door. Overall, rumor I've heard is that the Chiefs prefer being in Jackson County because the taxpayer $$ is their golden goose. a 3/8 cent for 40 years is roughly the same amount as a KS STAR bond with a lot less complications. That factored with potential MO state money means the ceiling for $ is the highest in Jackson County by far. That is probably why its harder to get money out of those jurisdictions |
The revenue from sports betting around a brand new stadium in Kansas would pay it off way earlier than 30 years. They have to be at like 15million in tax revenue this year alone?
In Kansas. That number will continue to grow to outrageous heights. |
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Bragging rights. Tax revenue. Sales tax on money spent at the stadium Billions of reasons over 40 years. |
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https://twt-thumbs.washtimes.com/med...2021835765d672 |
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The Missouri/Kansas thing is a major flashpoint for this area. This would be a very clear "last chance" to keep the Chiefs from moving to Kansas. It also probably funds a much better stadium plan than what was on the table for Arrowhead last time. |
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I am curious how the property tax issue will have an affect this time. Those people were a hard core **** anything involving a tax and Frank White's crooked ass was fire to the flames. Some more time will have passed, but dumping the Royals may not be enough for them to forget about that ordeal. |
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Clark Hunt addressed the media this week and to me it seemed like they are gonna do a rebuild instead of a renovation. Every time he talked before it seemed like he was leaning towards a renovation, but it definitely sounds like they're steering away from that now. |
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As for tax revenue, no. It's well documented that cities struggle to break even on pro sports deals. Remember this business is only open about 12 days out of 365. And, most of the money spent at the stadium would have been spent in the metro anyway, it's not new money, it's just siphoning money from other businesses like the local pub or bowling alley. It makes a lot more sense to have your neighbor pay for the stadium while you sell a few plane tickets and some bbq. |
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And the NFL got numerous contract deals during the LA extortion. They were clear a new team was headed to LA and the Rams were one of the last teams to get a deal done. The league moved them even though the city voted yes, then the NFL had to pay st Louis 800 million. I can't imagine worse optics than that. |
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And remember, this isn't the voters doing. This is the billionaire owners who are forcing this. |
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2. If the Chiefs move across state line, the money spent at the Chiefs game is still going to be spent at the Chiefs game. Which means all that revenue is now being generated in Wyandotte County or Johnson county, rather than Jackson county. That money isn't going to go from the Chiefs to the bowling alley or local pub, unless the Chiefs completely move out of the metro. The state of MO also has a jock tax, that I think is 2% of earnings. So it has incentive to keep tax revenue there, too. I know there are financial studies that generally show stadium funding is neutral at best for the area. But Kansas City has some unique factors. |
The Star bonds would take 100% of the sales tax from alcohol in the district.
They would only have to beat 30M that gets generated for KC. All the liquor. All the gambling. And I’m sure if they want that 1% from the game checks they can pass that too. Missouri will have to care about the welfare of billionaires. |
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[QUOTE=vonBobo;17600463]Bragging rights? Childish but that's about all a city gets from having pro sports...
As for tax revenue, no. It's well documented that cities struggle to break even on pro sports deals. Remember this business is only open about 12 days out of 365. And, most of the money spent at the stadium would have been spent in the metro anyway, it's not new money, it's just siphoning money from other businesses like the local pub or bowling alley. This is patently false. Specifically when it comes to fall/winter discretionary income. The money spent on tailgating, booze, parking, tickets, and local mechandise/apparel is SIGNIFICANT. Assume the Chiefs moved to Nashville: there is NO local venue, or venue type in the city that can attract dollars from 70,000 pockets. There would be a small uptick in casino activity, some folks would have lunch and a few pitchers at sports bars to track their $50 football bet, but if people felt compelled to just spend the $ burning a hole in their pockets (most are strapped just to set aside Chiefs money because they are passionate Chiefs fans), they aren't spending $500 at the "bowling alley" or on blooming rings, they are leaving the cold midwest and taking long weekends or using vacation time to go to Fla or Cancun. That's millions in lost tax revenue/yr. The study you refer to was performed on Chicago...ever been to a Bears game? I have...no tailgating, no parking. Cubs? No tailgating, no parking. White Sox? No fans. Do you know how much Chiefs tailgating has affected the composite culinary habits and skills of our 2 million+ population? Do you think 20 yrs ago, more than 100 Chiefs fans would spend $1,000 on a grill? Just read the BBQ topics in this forum...CPers alone have $100k wrapped up in pellet grills, mostly due to long-term exposure to the bi-weekly BBQ cooking championship we call "tailgating". I invest in real estate, and I've seen THOUSANDS of homes in KC, do you know how many spend $10k to $80k finishing their basements JUST to have a place to act a fool w/ their friends for Chiefs games AND show off their signed, framed jerseys and memorabilia? There is NO ****ING WAY that same money gets spent locally without the PASSION required to make questionable purchase decisions. A lot of it may get spent, but most of it goes to Mexico, Florida, Las Vegas, or Spain and Italy. |
"I know there are financial studies that generally show stadium funding is neutral at best for the area. But Kansas City has some unique factors."
I've seen non-thinkers from many fan bases cite this study a hundred times over the past year, and they have ZERO ability to consider the nuances...imagine the sociological impact on a city like Green Bay if they lost the Packers. It's literally what binds them and is the major influence of their social behavior. Take that experience away, the hometown, underdog pride and why would you stay? I would argue Arrowhead denizens are the same. I'm not arguing that the Chiefs moving to Strip Mall, Ks is akin to losing the team to San Antonio, but ks would NOT float the star bond if there was no hope for profit...this would be by FAR their biggest Star BOnd offering, and Prairie Fire has already defaulted, so the smart money strongly believes there is more than a "zero effect" of a stadium in KC. |
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ROFL You think KC men are unique in that they like to BBQ? People do that here in Texas too. EVERYONE has a smoker and it has NO connetion to the Chiefs or the Cowboys or whoever. |
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The state of Missouri is, as always, being very stupid by not flexing it's considerable comparative financial muscle against Kansas, but that's nothing new - it's not STL!!!! Where in Jeff City only St. Louis matters, in Topeka their #1 concern is JOCO and WYCO, so I can't blame JACO for losing the Chiefs, the state did, it was never a fair fight. |
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I appreciate your insight and I want to know more. When the JaCo stadium folks announced that last year they lost money, is that not also accounting for the player tax you are talking about? |
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So yeah. I guess if you ignore all the problems with this proposal then it does seem silly.. but that's on you and willful ignorance. |
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St. Louis losing a team does not have the worst optics. They had already lost the Cardinals NFL franchise that they got from Chicago and although the Rams won it all while in St. Louis, that franchise was only in St. Louis for a short fraction of its existence, especially compared to where it is has mainly been, the city it moved back to. |
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You sound like a bitter douchebag who walks around wearing a "Tax is Theft" T-shirt while drawing a welfare check and food stamps each month. |
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And the deal that was rejected shifted many of the operating costs to the teams. |
The people that allow the Chiefs to walk to a different state should have to where a big Chiefs Red L on their forehead for the rest of their lifes. $150.00 a year each? And that probably doesn't account for the tax revenue collected from people from out of the county that come to see the Chiefs and Royals.
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If you were to buy on average $300/week in Jackson County the amount of money that would be going to the stadiums is $58.50 for the entire year. That is 16 cents a day or $4.88/month. So you would be paying $2.44 a month to each the Royals and Chiefs. Yeah let's lose all the tax revenue from players game day checks and employees of the teams checks, so that people will at most put less than $5/month in there pocket. Hold on though, I don't think the county is going to just lose millions of dollars in tax revenue. They'll get that money back from the tax payer somehow. |
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Now a tax I was referring to is a property tax. A portion of that tax goes to funding schools that are zoned in that area. Should someone who has no children or children that do not go to those schools be forced to fund them without a say in it? If so, why? |
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Yes, otherwise the generation eventually wiping your ass won’t know how to read the instructions.
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[QUOTE=philfree;17601087]The people that allow the Chiefs to walk to a different state should have to where a big Chiefs Red L on their forehead for the rest of their lifes. $150.00 a year each? And that probably doesn't account for the tax revenue collected from people from out of the county that come to see the Chiefs and Royals.
Really, if you’re you’re going to criticize.. |
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