06-06-2024, 05:06 PM
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#1805
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Ain't no relax!
Join Date: Sep 2005
Casino cash: $-1251081
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Quote:
Originally Posted by Kiimo
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:
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Straight from Tarwater:
Quote:
But the proposal includes key differences from a typical STAR bond district. Most significantly, the proposal allows for 100% of the project to be financed through STAR bonds, instead of the typical 50%. The term of the bond would run 30 years.
“This would allow 100% of the project to be paid for with bonds and they could be up to 30-year bonds,” Tarwater said, adding that the Kansas secretary of commerce would have room to negotiate.
https://www.kansascity.com/news/poli...288134415.html
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