Moving closer? Kansas State is ready to allocate funds to build a new stadium for the Chiefs

NFL News 19 june 2024, 12:22
Steven Perez Dailysports's expert Steven Perez
Moving closer? Kansas State is ready to allocate funds to build a new stadium for the Chiefs Photo: AP

The state of Kansas has enacted legislation that allows for the allocation of state funds towards the construction of a new stadium for the Chiefs, as reported by AP.

The Kansas Senate overwhelmingly approved a new law enabling the allocation of tax revenues for the construction of new sports arenas. Thus, the state continues its efforts to lure the Chiefs from Missouri. Kansas is poised to cover up to 70% of the construction costs for the new arena, capped at $700 million.

Unofficially, Chiefs officials have expressed to journalists their approval of the passage of such legislation. Meanwhile, representatives from the state of Missouri have officially stated their intention to make a significant offer to ensure the football franchise does not relocate to a neighboring state.

It's worth noting that the lease agreement for the Chiefs' current Arrowhead Stadium expires on January 31, 2031.

As previously reported, the Kansas City Chiefs are currently exploring options for relocating to a different arena and state. This decision follows the vote by Jackson County residents in Missouri, where the Chiefs' arena is located, to repeal tax breaks for the club.

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