The Kansas City Royals have announced plans to build a new stadium and entertainment district in downtown Kansas City or north of the city.
This project aims to generate an important source of economic income for the city and employment for its citizens.
Details of the stadium, the entertainment district and the economic benefits it will bring to the city were given yesterday.
As mentioned above, the Royals are pushing for a public-private partnership. They are asking for an extension of the current 3/8 cent sales tax to county taxpayers. They estimate their share of that tax would be around $300-350 million.
With this financing, it is projected:
The construction of a new stadium with a capacity for 38,000 people An entertainment district with a capacity for 4,000 people outside the stadium The district promotes the opening of retail stores, restaurants. The possible name of the stadium would be Royals Park.
The new stadium would generate more than 2,000 jobs:
The development includes a hotel and an exhibition center in the gardens, turning the project into an opportunity to create jobs in construction and building automation.
The one-time construction of the project will generate at least 2,000 jobs, $1.4 billion in labor income and $2.8 billion in economic output.
During the first year of operation, the stadium has the potential to provide $185 million in economic output, including $117 million of revenue generated from the new game day experience and other events.
The Royals have planned a stadium and entertainment district with an investment of $1.3 billion. This area has been developing in recent years, and this construction would serve as a boost to the Kansas City community.
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A bright future for baseball in Kansas:
Los Reales envisions a place where fans and tourists alike can enjoy an entire weekend of entertainment. They plan to enrich the Game Day experience by providing something unique for fans of all ages.
With multiple options within the entertainment district, fans will be able to enjoy the diversity of entertainment and experiences off the field.
The Kansas City Royals’ plans to build a ballpark along with an entertainment district may just be the financial boost the city and its people need.
With thousands of jobs ahead, improved infrastructure and a strengthened community, the project is ambitious, but it will have a positive impact on the community. We hope to see a new wave of tourism and entertainment in the city.
The Royals are seeking a public-private partnership to achieve this dream, and with the talent in their farms and the star that appears to be Bobby Witt Jr., good times could be in store for the team.
2023-08-23 21:22:46
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