Posted inElections, Local Government

Tax dollars don’t make a stadium possible, just more lavish

Say you’re at a restaurant and you begin to salivate over the menu’s lobster thermidor or a flute of champagne. You might balk at the price — unless someone else is paying the bill.

Owners of teams worth billions think the same way.

Economists say that “gold plating effect” makes stadiums more expensive when taxpayers pitch in.

Posted inLocal Government

KC curveball: If voters OK sales taxes for a ballpark, Royals will ask the city and state for up to $700 million more

The proposed extension of Jackson County’s sales tax won’t be enough to pay for a new downtown Kansas City Royals stadium.

So the team is in conversation with city officials and Missouri Gov. Mike Parson to fill a $700 million funding gap with taxpayer dollars from Kansas City and the state.

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