Kansas is such a racket of a state for all but wealthy a-holes in chiefly Johnson County in suburban Kansas City.
Here’s some experience in dealing with Kansas as a small business years ago, for this massive deal is funded by bonds derived also from sales tax revenues in Kansas.
Kansas currently collects about $2.7 billion each year from its statewide 6.5% sales tax, which makes up roughly one-third of the state’s general revenue.
In much of Kansas, there are also county and local sales taxes added to make this rate over 9%,
Sales Tax and Revenue Bonds, as in from EXISTING flows from the entire state and not after the project is built as afford some gravy for the Chiefs as well, are being used for about 65% of the development.
Then though these new Kansas Chiefs are fronting the rest privately, well in all the twists and turns they get much of it back!
They won’t be fooling me with this Kansas City nonsense any more after this move. They are the Kansas Chiefs to me.
The one that really gets to me the most, as much as private businesses benefiting from sales taxes on average folks on even almost all food in the shitty state of Kansas, is the exemption from property taxes for a private business for such a development.
If they were building a large factory or massive distribution hub I could understand for a clearly-defined time period and one that is not based on progress of some project or subject to delays, for those generate thousands of full-time jobs at the very least, which a stadium generally does only in far lower numbers.