Stadium Watch 2024 -Jackson County Residents: How Are You Voting?

[Pablo]

Vote in this poll if you actually live in Jackson county.

We've all shared our opinions in the other thread. But who gives a shit what somebody in Platte County or Johnson County or Phoenix or NYC thinks. We're all just noise.

[Kiimo]

Originally Posted by jettio

Chiefs priority is World Cup 2026 at Arrowhead. Chiefs will not make any public statements about any involvement with these attention seeking Kansas politicians until after World Cup.

The Royals are the team that said they want a new stadium. The plain fact that these dumbass Kansas politicians lead off all of these attention seeking plans with Chiefs and all the released drawings are football stadiums show you that they are just blowing smoke up folks asses.

Chiefs said they want to stay at Arrowhead. Royals say they want a new stadium. Chiefs are locked into Arrowhead through January 2031 and are hosting World Cup 2026 games at Arrowhead.

Chiefs Super Bowl LVII rings say Arrowhead is Lamar Hunt's favorite place on Earth.

Every time there is one of the dumbass news stories about a new dumbass Kansas Politician talking about Chiefs moving to Kansas, you can think about how the Kansas City Sports Commission folks responsible for the World Cup will tell those Kansas politicians to give Sporting Kansas City and KU as much money as they need to be able to host some country's national team. And the only contact from Clark Hunt and the Chiefs with Kansas politicians will be to let them know that Kansas better give the World Cup people everything they ask for to make this area a successful host site.

Every word of this is nonsense based on nothing. Listen to the podcast before posting for all our sakes

[Stewie]

Who needs tailgating when you'll have a Bucee's right by the stadium. I hear their brisket sandwiches are really good. You can pick up a six-pack, too, and drink it in the parking lot. 🤪

[Katipan]

I was at Mexico vs Uruguay tonight.
You don't want the World Cup.

[Old Dog]

Originally Posted by Stewie

Who needs tailgating when you'll have a Bucee's right by the stadium. I hear their brisket sandwiches are really good. You can pick up a six-pack, too, and drink it in the parking lot. 🤪

Not that it was your point, and I could be mistaken, but I don't think Buc-ee's sells alcohol....not that I've noticed anyway.

[DanT]

The use of STAR bonds to build the stadium in Kansas seems like it would be questionable. The proposal right now is that it would fund the entire building. Those are not guaranteed bonds, so think about what an investor has to consider in terms of whether sales tax revenue from the stadium events will pay them off. Let's say they get 500 games with 70,000 fans at each. That's 35 million. Let's say each fan spends $400 and sales tax is 10%. That's only 1.4 billion. The stadium supposedly will cost 2 or 3 billion. That seems like a bad bet for an investor. I sure as hell wouldn't plan on a NFL Stadium having 500 big crowds over its lifetime. That would take decades to achieve, given that typically a team plays fewer than 12 games at home a year.
I don't think Kansans are so naive that they will let this proposal go through. It is based on crazily optimistic assumptions.

[Katipan]

The average fan cost is closer to $700 than $400.

And that's just today.

[Kiimo]

Originally Posted by DanT

The use of STAR bonds to build the stadium in Kansas seems like it would be questionable. The proposal right now is that it would fund the entire building. Those are not guaranteed bonds, so think about what an investor has to consider in terms of whether sales tax revenue from the stadium events will pay them off. Let's say they get 500 games with 70,000 fans at each. That's 35 million. Let's say each fan spends $400 and sales tax is 10%. That's only 1.4 billion. The stadium supposedly will cost 2 or 3 billion. That seems like a bad bet for an investor. I sure as hell wouldn't plan on a NFL Stadium having 500 big crowds over its lifetime. That would take decades to achieve, given that typically a team plays fewer than 12 games at home a year.
I don't think Kansans are so naive that they will let this proposal go through. It is based on crazily optimistic assumptions.

what does the average Kansan have to do with risk to an investor buying bonds in one of the safest sports for one of the safest teams? Also doing math is really stupid unless you have all of the figures and you clearly don’t you’re just shooting in the dark

[DanT]

Originally Posted by Kiimo

what does the average Kansan have to do with risk to an investor buying bonds in one of the safest sports for one of the safest teams? Also doing math is really stupid unless you have all of the figures and you clearly don’t you’re just shooting in the dark

Although not guaranteed by the government, a default on the STAR bonds threatens the credit ratings for those governments, which is why they need Kansas lawmaker approval and the approval of government agencies.
Also, doing math on the main elements of what drives the prospects for paying off the investors is what most investors will be doing when they decide whether to make the investment. There has already been a default on a STAR bond project, the Prariefires development. If very optimistic assumptions about total attendance and sales tax revenues don't put one in the ballpark of a plausible path to the bonds being paid, that's a big problem for the folks selling pie in the sky. That's why Missouri lawmakers aren't panicked about this latest con.