After failing last month to pass a bill that would provide funding for the Kansas City Royals and Kansas City Chiefs to build or renovate their stadiums, the Missouri Senate, in a special session, finally passed the “Show Me Sports Investment Act.”
According to Fox 4 KC, Senate Bill 3 passed with 19 votes in favor and 13 votes of ‘no.’
After failing last month to pass a bill that would provide funding for the Kansas City Royals and Kansas City Chiefs to build or renovate their stadiums, the Missouri Senate, in a special session, finally passed the “Show Me Sports Investment Act.”
According to Fox 4 KC, Senate Bill 3 passed with 19 votes in favor and 13 votes of ‘no.’
The bill allows the teams to use construction bonds funded by taxes generated in their stadiums, and Missouri lawmakers estimate these bonds would cover 50% of the cost to build new facilities. Qualifying stadiums for baseball or football must accommodate at least 30,000 fans and cost at least $500 million.
Related: Missouri Lawmakers Fail to Pass Stadium Funding Legislation
“I thank the Missouri Senate for its work in special session, passing proposals supporting (…) competitiveness for sports and entertainment retention and attraction in Missouri,” said Kansas City mayor Quinton Lucas. “I am grateful for the attention and investment of time to be provided next by the Missouri House on this important bipartisan work building a responsible future and opportunity for our state and its people.”
“Show Me Sports Investment Act” was originally proposed by Missouri governor Mike Kehoe, and it comes in response to a similar law passed by Kansas last year. The Kansas STAR bonds offered similar construction incentives to lure the Royals and the Chiefs across state lines.
Now, the Missouri House of Representatives will also need to pass the “Show Me Sports Investment Act” when it convenes.
