Downtown Baseball Stadium

[KCPowercat]

I mean not really right? First off the tax being voted on isn’t exclusive to Jackson county residents. It’s a sales tax on anything bought in JaCo by anyone. The city will probably issue municipal bonds that shouldn’t be paid for by the tax payers.

Then who pays for those bonds?

To clarify. No new taxes. Ideally revenue and property tax income pays for this and avoids hitting the general fund.

Edit nm best me to it

[aknowledgeableperson]

[
To clarify. No new taxes. Ideally revenue and property tax income pays for this and avoids hitting the general fund.

In order to issue bonds, either revenue or GO, the city has to conduct a vote. That is unless the citizens have approved by prior vote the authority to issue bonds that haven't been issue at this time. Of course maybe the Port Authority can be utilized for the bonds. Those would be revenue bonds with a source of revenue that has to be identified for bond payments.

[aknowledgeableperson]

[
To clarify. No new taxes. Ideally revenue and property tax income pays for this and avoids hitting the general fund.

In order to issue bonds, either revenue or GO, the city has to conduct a vote. That is unless the citizens have approved by prior vote the authority to issue bonds that haven't been issue at this time. Of course maybe the Port Authority can be utilized for the bonds. Those would be revenue bonds with a source of revenue that has to be identified for bond payments.

And BTW property taxes go into the general fund. And if somehow the City guarantees payment of the bonds those funds woulod also come from the general fund much like for the P&L subsidy.

[KCPowercat]

Q on the topic being vague on purpose but does not rule out a need for a vote

https://twitter.com/QuintonLucasKC/stat ... 15288?s=19

[Highlander]

Q on the topic being vague on purpose but does not rule out a need for a vote

https://twitter.com/QuintonLucasKC/stat ... 15288?s=19

So what's the deal on the funding. Early on, I understood that the extension of the sales tax would be sufficient to fund a new baseball stadium. Is it because the Chiefs are now involved and wanting their cut of the sales tax extension that additional funds are now necessary? That part is kind of confusing but that would make sense. The addition of the Chiefs makes the initial vote a more urgent issue for Kansas City but also a more complicated problem.

[KCPowercat]

It wasn't the addition of the chiefs. That vote of that tax was always going to be split. This specifically is to help the royals actually build a whole new stadium in a whole new place. I assume city ask will be around infrastructure stuff

[beautyfromashes]

Some type of tIF for the non-stadium portion and likely huge ticket fees/district sales tax? No one does seat licenses anymore, do they?

[GRID]

I'm sure they will super tif the stadium development. Basically Missouri's version of STAR bonds. It's how the P&L District was funded.

Redirects EVERY bit of revenue collected from the area back to the development, that includes state taxes and KCMO's etax.

[aknowledgeableperson]

I'm sure they will super tif the stadium development. Basically Missouri's version of STAR bonds. It's how the P&L District was funded.

Redirects EVERY bit of revenue collected from the area back to the development, that includes state taxes and KCMO's etax.

State taxes? County taxes? And let's not forget the city is subsidizing the bonds with general fund revenues. So the question would be how much funds are expected via this method.

[bspecht]

Some CBA details coming out.
https://twitter.com/AlexGold/status/1770528743108268140
https://twitter.com/bobfescoe/status/17 ... 6643084356

Combined the Royals and Chiefs have pledged to give back $266 million dollars to Jackson County w a yes vote. The Royals at $140 mil is the largest CBA in MLB

[KCPowercat]

They announce they finalized the CBA but don't release a document. JFC. These guys are not making it easy on themselves.

[beautyfromashes]

The CBA is like a person robbing a bank of gold and then giving a bar to the security guard on the way out to look the other way.

[Rusty Irish]

Had to laugh hard at the Chiefs mentioning the environment and efforts to reduce carbon emissions. You're literally adding parking to an area with no transit and 20k spaces already. This shit is doomed.

[DColeKC]

They announce they finalized the CBA but don't release a document. JFC. These guys are not making it easy on themselves.

People have unreasonably high expectations. Maybe they’ve agreed to terms but each sides lawyers are converting it into a legally binding agreement? Maybe they’ve agreed to the total dollar figure but need to decide on allocation totals per specific section.

The largest CBA in MLB is skipped over for WHerEs ThE DOCuMeNt!

[DColeKC]

The CBA is like a person robbing a bank of gold and then giving a bar to the security guard on the way out to look the other way.

Exactly. But like only if the bank agreed to being robbed because in the long run it’s best for its shareholders and will lead to more profits.

[KCPowercat]

They announce they finalized the CBA but don't release a document. JFC. These guys are not making it easy on themselves.

People have unreasonably high expectations. Maybe they’ve agreed to terms but each sides lawyers are converting it into a legally binding agreement? Maybe they’ve agreed to the total dollar figure but need to decide on allocation totals per specific section.

The largest CBA in MLB is skipped over for WHerEs ThE DOCuMeNt!

You don't see a theme here? this is nothing but air at this point just like the "we're spending $1.3B, trust us". You have an extremely low bar for what people should just roll over and accept when voting to tax themselves. It's just leading to more no votes.

[beautyfromashes]

You don't see a theme here? this is nothing but air at this point just like the "we're spending $1.3B, trust us". You have an extremely low bar for what people should just roll over and accept when voting to tax themselves. It's just leading to more no votes.

Like I said several pages back, humility and facts are where you win an election in Kansas City. They are lacking in both. Take the citizens for granted or show greed and overask and you will lose everytime.

[Cratedigger]

They announce they finalized the CBA but don't release a document. JFC. These guys are not making it easy on themselves.

People have unreasonably high expectations. Maybe they’ve agreed to terms but each sides lawyers are converting it into a legally binding agreement? Maybe they’ve agreed to the total dollar figure but need to decide on allocation totals per specific section.

The largest CBA in MLB is skipped over for WHerEs ThE DOCuMeNt!

I think there would have been more goodwill if this had been handled differently.

Or more proactively

[DColeKC]

They announce they finalized the CBA but don't release a document. JFC. These guys are not making it easy on themselves.

People have unreasonably high expectations. Maybe they’ve agreed to terms but each sides lawyers are converting it into a legally binding agreement? Maybe they’ve agreed to the total dollar figure but need to decide on allocation totals per specific section.

The largest CBA in MLB is skipped over for WHerEs ThE DOCuMeNt!

You don't see a theme here? this is nothing but air at this point just like the "we're spending $1.3B, trust us". You have an extremely low bar for what people should just roll over and accept when voting to tax themselves. It's just leading to more no votes.

Maybe the reason you haven’t got your document is because they are sick of hearing “there is nothing but air”. Announcing you’ve reached an agreement isn’t the same thing as having a final executed, legally binding agreement.

You’re right though. When it comes to a 3/8th cent SALES TAX, my bar is very…very low. I like the fact that non-residents have to share the burden.

As for as how much they’ll spend on the adjacent property, it would be incredibly dumb to sign anything committing them to a certain dollar amount. That should be a very complex agreement with a ton of variables, benchmarks etc.

[DColeKC]

They announce they finalized the CBA but don't release a document. JFC. These guys are not making it easy on themselves.

People have unreasonably high expectations. Maybe they’ve agreed to terms but each sides lawyers are converting it into a legally binding agreement? Maybe they’ve agreed to the total dollar figure but need to decide on allocation totals per specific section.

The largest CBA in MLB is skipped over for WHerEs ThE DOCuMeNt!

I think there would have been more goodwill if this had been handled differently.

Or more proactively

I don’t disagree but I also know there was so much more happening and that happened. Will we ever get all the tea? I don’t know.