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Kansas Lawmakers Approve Tax Cuts to Help Lure Major League Franchises

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Kansas legislature passed a measure to use state bonds to help finance new stadiums, amenities for the Kansas City Chiefs, Kansas City Royals.

Kansas legislature passed a measure to use state bonds to help finance new stadiums, amenities for the NFL's Kansas City Chiefs, MLB's Kansas City Royals.Following discussions in a special session of the Kansas legislature, lawmakers passed a measure to allow state bonds to be used to lure the Kansas City Chiefs and Kansas City Royals to move from neighboring Missouri.

The move also seems to have generated excitement with the major league teams most likely to be impacted. However, not all reactions to the measure were positive, with some lawmakers feeling the move has given major league franchises too much leverage.The Mayor of Kansas City, Missouri, Quinton Lucas, seemed to agree.

 

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Kansas lawmakers approve plan to lure Chiefs from MissouriKansas legislators approved a plan on Tuesday aimed at luring the Kansas City Chiefs away from Missouri by helping to finance a new stadium for the Super Bowl champions, and another for Major League Baseball's Kansas City Royals.
Source: espn - 🏆 731. / 51 Read more »