[Topeka Capital-Journal] A state board signed off on a plan Thursday to provide $50 million in tax breaks for renovations to the Kansas City Chiefs and Royals stadiums.
A legislative proposal to direct money to the stadiums from the state’s income tax on athletes and entertainers failed last year, so Gov. Matt Blunt backed a new plan to help fund the projects through these tax breaks.
Instead of going through the Legislature, it took approval by the state Department of Economic Development, which already has been obtained, and the Missouri Development Finance Board.
After hearing a presentation by Jackson County officials, the board approved the state aid to the $575 million project without a dissenting vote.