I am under the impression it's exactly the same as the new stadium, part STAR bonds, part private equity.
Like that Tarwater guy said the Chiefs have to come up with "hundreds of millions".
Anyway, from that site so take it with a grain of salt:
Quote:
FACTS:
STAR Bond projects are NOT notorious for defaults. And the risk for failure is NOT on the taxpayers, but rather the bondholders. The taxpayers will never have to repay these bonds.
Wyandotte County is home to the most successful STAR Bond developments in the state– the Kansas Speedway and Sporting KC, with nearly $1.5 billion in additional investment well underway.
Adding another professional sports franchise would only enhance public traffic to this area, attract millions of new fans to Kansas every year, and make this area even more successful, which benefits all of Kansas.
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