Missouri House backs new stadium incentives to try to keep the Chiefs and Royals
The Missouri House on Tuesday endorsed a new framework of financial incentives to try to keep the Kansas City Chiefs and Royals from possibly leaving the state by helping fund new or renovated stadiums for them.
The legislation, which has the backing of Republican Gov. Mike Kehoe, would authorize the state to issue bonds valued at up to half the cost of the stadium projects and allow tax credits of up to $50 million. But the plan doesn't list a total cost or a location for the stadiums, leaving those details to be negotiated later.
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