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The Kansas City Chiefs are crossing over to Kansas, lured by a massive STAR bond package to build a new stadium, which will be funded by redirecting new sales tax money from Johnson and Wyandotte counties for 30 years. In late December, state officials unveiled plans for Kansas to publicly finance $1.8 billion of construction costs for a $3 billion domed stadium in Wyandotte County and up to $975 million for a new training facility and headquarters in Johnson County using a controversial funding tool called sales tax and revenue, or STAR, bonds. The deal pledged a 60-40 funding split, with public money covering the bulk of the project. Instead of sales tax dollars otherwise funding things like highways, schools and other services, a portion of state sales tax revenue in virtually all of Wyandotte County and a broad swath of western Johnson County will be diverted to the stadium project for up to 30 years. On top of the state sales taxes, cities can vote to commit their local sales tax revenue to paying back the stadium debt, too. Read more on what this Chiefs move means for taxes in Kansas at the link in our bio.
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