The St. Louis Cardinals owners yet again want significant taxpayer funds while giving almost nothing
Let's move up to today. Guess what DeWitt II wants? Busch Stadium needs a “significant capital infusion” in the upcoming years at the latest. My guess is that he will get something substantial around the $500 million mark. I don't think they should but I am just stating that I don't think local leaders would stop them from taking this amount of taxpayer money. The spin would probably just be that the Cardinals are taking just $500M instead of $2B for a new ballpark.
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Kansas City Chiefs relocation deal still unknown, company hired to do their economic report has questionable past
Essentially, the state of Kansas allows for lawmakers to use a “special incentive program” that was started just two years ago to fund a project like the Kansas City Chiefs. The lawmaker who wrote this law (not including language allowing for the public to vote) claims that the public doesn't need to vote since the sales tax is not increasing. I really do hope that this politician understands that while the sales tax will not increase, the money that it brought in to MANY state functions (like…
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When will city and state leaders learn that their new sports venue will not magically increase tax revenues?
This week, the Kansas City Chiefs announced they were relocating to the state of Kansas for a brand-new $3B stadium. The term sheet agreed upon by the team and state is outlandish. Joe Pompliano (who is one of the best at sports business news) has gone over the term sheet and claims it is the “Most Lopsided Stadium Deal In NFL History” thanks to $1.8 billion in taxpayer money being included. But the details of many important parts of the deal are still unknown. For example, we still don't know…
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The Kansas City Royals continue to push forward on one of the worst organized ballpark plans ever put together
A few months ago, I wrote a story on the Kansas City Royals and their crazy ways of trying to convince taxpayers to give them a billion dollars through an increased sales tax (for a new ballpark). As I said in the story, the Royals decided that the best way to do this was by making sure that residents were “confused about every detail of their potential ballpark.” Rather than finish important deals months before the vote on the new sales tax, the Royals were completing them “just a week or two…
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The Kansas City Royals owner keeps promising to be transparent in the future yet never seems to follow through
The survey asked questions about the ballpark being located in downtown, near downtown, Clay County/North Kansas City and Johnson County/Overland Park. The Royals claim that this survey is meant to “optimize fans experiences” in their new ballpark. Whatever that means. In addition to the survey, Sherman released a statement where he claimed that the Royals were “constantly engaging and listening to” their fans. Really? Maybe Sherman can answer the fan who told KSHB that when he received the…
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The absurdity of non-disclosure agreements, sports and taxpayer money
The San Antonio Spurs want a new arena. That isn't new or shocking news. But if you want actual news on this subject? Good luck. For the last year or so, the Spurs and city officials have kept every possible detail out of public view if it pertains to a new arena. No discussions. No interviews. Just silence. Now, will taxpayers end up paying quite a bit? Sure. But they won't know about it until a deal is done first. How can this be legal? We are talking about taxpayer money. We are talking…
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Yet another “historic” community benefits agreement…this time in Chattanooga
In July, the Chattanooga Lookouts, a minor league baseball team, reached an agreement with the city to build a new ballpark. Although the price was originally going to be $79.5 million, the final price tag was actually $120 million. Not to worry, though, as the public contribution amount is capped at…$112 million? Ever since 2022, local groups in Chattanooga have been pressuring local officials to make sure that the community was represented whenever a community benefits agreement (CBA) was…
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The Kansas City Royals screwed themselves yet still blame everyone else
The Kansas City Royals held off on telling the public about the location of their new ballpark until just months before the sales tax election. This meant that when the team did announce the location, the people who live in or around the area of this proposed ballpark were likely to be quite shocked. The Royals proposed a new ballpark on a big piece of land that at the moment had “as many as two dozen businesses and organizations” currently operating and open. They would need to be removed.
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