Funding questions remain after Kansas City Royals announce plans for new stadium

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Many questions remain for the Kansas Citizens after Royals owner John Sherman announced plans for a new ballpark. The project is ambitious and large-scale. But Sherman said it would be cheaper to build a new stadium than to renovate “The K”. The listed price for a new ballpark in or near downtown Kansas City is $2 billion. This award will likely come with many strings attached. In the renderings published by the Royals, it included much more than an approximate stadium. Royals owner John Sherman has mentioned a “baseball district” eight times. program at Washington University in St. Louis. Rishe said where Kauffman Stadium is right now, it can’t be done. He cited the baseball team on his side of the state as an example. “With the stadium village, you now have an asset with restaurants, shops. People basically pay rent to the cardinals. The cardinals get a piece of the business,” he said. said. If you’ve been to Stadium Village, this might sound a bit familiar. It is run by the Cordish Companies in partnership with the Cardinals. Cordish also owns Kansas City’s Power and Light District. “Especially when you’re a mid-market, that’s critical,” Rishe said. The question now is funding. In his letter, Sherman wrote that taxpayers would not pay more than they are already paying. Voters approved a three-eighths of a cent sales tax in 2006 to fund improvements and maintenance at Kauffman and Arrowhead stadiums. But if there is another vote now just for the Royals, it could be harder to pass.

Many questions remain for the Kansas Citizens after Royals owner John Sherman announced plans for a new ballpark.

The project is ambitious and large-scale. But Sherman said it would be cheaper to build a new stadium than to renovate “The K”.

The listed price for a new ballpark in or near downtown Kansas City is $2 billion. This award will likely come with many strings attached.

In renderings published by the Royals, it included much more than a baseball stadium. Royals owner John Sherman mentioned a “ballpark neighborhood” eight times.

“That’s really where sports ownership is going these days. You want to find ways to monetize your asset throughout the year,” said Dr. Patrick Rishe, sports business program director at the Washington University in St. Louis.

Rishe said where Kauffman Stadium is right now, it can’t be done. He cited the baseball team on his side of the state as an example.

“With the stadium village, you now have an asset with restaurants, shops. People basically pay rent to the cardinals. The cardinals get a piece of the business,” he said.

If you’ve been to Stadium Village, this might sound a bit familiar. It is run by the Cordish Companies in partnership with the Cardinals. Cordish also owns Kansas City’s Power and Light District.

“Especially when you’re a mid-market, that’s critical,” Rishe said.

The question now is funding. In his letter, Sherman wrote that taxpayers would not pay more than they are already paying. Voters approved a three-eighths of a cent sales tax in 2006 to fund improvements and maintenance at Kauffman and Arrowhead stadiums. But if there is another vote now just for the Royals, it may be harder to pass.

“As far as the size of that public share goes, I think winning and hoping to win is definitely important,” Rishe said.

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