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Tuesday, November 15, 2022
Royals chairman and CEO John Sherman has talked for the past year about his vision for a possible new downtown Kansas City ballpark. On Tuesday afternoon, in a letter to fans shared on social media and sent to season-ticket holders, he divulged a bit more information about the potential project, including an estimated price tag: $2 billion. As Sherman notes in the letter, that would make the club’s for now hypothetical new home stadium — succeeding Kauffman Stadium, where the Royals’ current lease with Jackson County is set to expire after this decade — the most costly such project in Kansas City history.
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1. The Duke Posted: November 15, 2022 at 08:31 PM (#6105709)FWIW, the angle isn't "this will keep us competitive", it's "let's invest public funds in an area where Kansas City can get more bang for our buck" - Sherman wants a ballpark district with restaurants and hotels and housing. The Chiefs want to do the same thing. I don't think they want the same district, so one of them is probably moving from the Truman Sports Complex. The most likely site is the east loop, which is the deadest part of downtown because its all government buildings (and the site of the headquarters for a construction company that happens to be a minority owner of the Royals!) Another potential site would be near 18th and Vine, which would be kinda cool and could hopefully revive the area around the Negro League Baseball Museum.
They haven't released specifics on funding other than a $2B pricetag, but it will almost certainly be tax increment financing for a large portion of it. I don't see the conservative state legislature being all that amenable to giving money to "liberal crime-ridden" Kansas City. In any case, they're either getting public funding to keep the K or a downtown stadium, and IMO a downtown stadium is a better investment.
I think they will get the public funds they need. Royals baseball is critical to that area and it's a point of pride that Missouri has two teams
Stupid out of towner question: given both teams' desire to create a new entertainment district, would it make sense to redo the stadiums for the Chiefs + the Royals roughly where they are and try to build a fresh entertainment/shopping/hotels district anew out there? Between the Royals and Chiefs, there would be sports attractions from April to December, at least.
NYC just greenlit a new soccer-specific stadium with hotels/entertainment/etc. near Citi Field, which is within walking distance from Arthur Ashe Stadium, a lovely park, and not much else. Hence why the non-downtown stadium sports-based entertainment district idea came to mind.
This is why SCIENCE is so awesome. It's been proven that just dropping concrete is what the professionals call an "early indicator" and that you shouldn't wait until the concrete falls on someone to do something.
That's another thing - when Kauffman was built, that was kind of the center of the metro population that had fled to the suburbs. Since then, much of the suburbs have migrated west to Kansas, so downtown is pretty central to the metro now.
Sure it makes zero sense from a regional economic perspective, but it makes tons of sense from the perspective of the billionaire Hunt family that they be gifted a free entertainment district that they control the scheduling of and revenue from.
With money from His bank account.
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