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Commerce says Star Bonds plan includes $3B Chiefs stadium plus mixed‑use development; local approvals and safeguards stressed
Summary
The Department of Commerce described the Star Bonds financing tool and the LCC agreement tied to the Chiefs’ proposed $3.0B stadium in Wyandotte County and a training HQ in Olathe, emphasizing the new‑increment sales tax repayment model and statutory safeguards to limit state exposure.
Rachel Willis, director of legislative affairs for the Department of Commerce, briefed the committee on Star Bonds — a financing mechanism using new incremental sales tax in a defined district to pay off bonds issued for large tourism and entertainment projects. Willis said there are 17 Star Bond projects in various stages and that the tool was expanded in 2024 to recruit professional sports teams.
On December 22 the Legislative Coordinating Council approved an agreement with the Kansas City…
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