Kansas City, Missouri – A new home for the Kansas City Royals has moved closer to reality, and the latest decision was not about what the ballpark will look like. It was about how Kansas City will help pay for it.
The number at the center of the deal is $600 million. That is the City’s stated contribution to an approximately $1.9 billion development planned for Crown Center.
Just recently, the Kansas City Council approved the financing measures needed to carry out that commitment. The action authorized a Tax Increment Financing (TIF) plan, a stadium impact area policy and bonds to support the project, clearing a major local financial hurdle for the proposed downtown ballpark…