The debt rests solely with Kansas City taxpayers, not the Royals. In this situation, when the new ballpark fails to magically create the amount for the required debt payments, the city will be forced to go into their general fund at the expense of services including police, fire, public transit and neighborhoods.
Now that the World Cup is over, I went looking to see how businesses did in host cities. FIFA made $15B in revenue from the current World Cup. That is a considerable amount of money to be taking in from this event. Surely the host cities will see some of that money, right? No, host cities get none of this money. Before I could even look into how local businesses did during the matches, I found…
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…
I want to congratulate the mayor of Kansas City (State of Missouri) for making one of the most ridiculous arguments that I have seen so far this year. But first, let me back up slightly. Presently, things do not look good for the Kansas City Royals. They keep missing deadlines. Last week, the Kansas House Speaker noted how the Royals had missed a December 31 deadline, which would have allowed the team to use a…
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 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…
When the Kansas City Royals tried to garner some support for the sales tax vote last year, they paid a company, Jones Lang LaSalle, a Chicago-based real estate company, to write and release an economic impact report on a potential ballpark. But, it didn't take long for problems to come out of this idea. The Royals paid Jones Lang LaSalle to write this report without caring or realizing that Jones Lang LaSalle had no experience…
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…
The ownership group of St. Louis FC is increasing the sales tax rate to almost 13%. If the city board approves a new sales tax district near the stadium, then the sales tax rate will increase 1% because the team was recently forced to pay “extraordinary costs” to fix their field. The stadium land contained “contaminated groundwater” that was quite a pain to fix and replace. The team claims to have numerous and expensive costs…
The Kansas City Royals must love keeping secrets. After announcing to everyone in 2022 that they were leaving their current ballpark, it took two years for them to finally tell us where the new one would be built. But anything else? Good luck. Things got so bad last year that the team owner had to write a public letter telling everyone to relax and just wait for the new ballpark to be announced. Months later,…
Presently, the Kansas City Royals lease with the county allows them to make money through a ⅜-cent sales tax. If the team wants to renew or change this number, it must be done through a public vote and with the blessing of the Jackson County Legislature. It has been reported that the Legislature is still waiting for the Royals to answer the most basic questions. For example, what is the language used in the ballot?…
