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The Chiefs' new kansas stadium deal is historically lopsided
Posted on 12/23/25 at 4:42 pm
Posted on 12/23/25 at 4:42 pm
quote:
The Chiefs' new Kansas stadium deal is historically lopsided. While the state provides $3B in funding, the team keeps 100% of revenue. Even their $7M rent goes into a fund they control for operations. Kansas bears the massive cost, while the Chiefs keep all the profit.
After Missouri taxpayers voted no on a proposal that would have provided the Chiefs with hundreds of millions in public funding to renovate Arrowhead Stadium, the team is relocating a few miles across state lines to Kansas.
This is one of the largest stadium deals in NFL history, with a record amount of public funding, so I spent this morning reading through the entire 33-page term sheet.
Here are 25 of the most interesting details I discovered:
The Chiefs will receive $1.8 billion in public funding for a new $3 billion stadium in Kansas — the largest public subsidy ever for a U.S. sports stadium project.
The Chiefs’ new stadium will have about 65,000 seats. That’s 10,000 fewer seats than Arrowhead Stadium, likely leading to more luxury suites and premium clubs.
The state will own the stadium and then rent it back to the Chiefs. The Chiefs will be required to pay $7 million in rent during the first year, with rent payments escalating annually by the greater of 2% or the rate of inflation (CPI). However, the rent money doesn’t really go to the state, which I’ll explain in a second.
The Chiefs must occupy the new stadium for 30 years. Once the initial term is complete, the Chiefs will have six 5-year options to renew their lease. If the Chiefs exercise all renewal options, the potential occupancy term is 60 years.
The Chiefs will retain 100% of revenue from stadium operations (tickets, concessions, parking, suite sales), naming rights and sponsorships, personal seat license sales, mixed-use development operations, and team headquarters and practice facility operations. The government has the contractual right to veto any naming rights or sponsorship deal, but only if it falls within specific categories, such as tobacco, vaping, adult entertainment, firearms, or political entities.
The state will receive one complimentary suite within the stadium. If that suite becomes unavailable due to circumstances beyond the Chiefs' control (e.g., the World Cup or Super Bowl), the team must provide the state with a comparable suite. The state will cover all food and beverage expenses inside its suite.
Joe Pompliano huddleup.substack.com
17
Posted on 12/23/25 at 4:44 pm to Kansas City King
It’s been said before, but owners are essentially real estate moguls. The on-field product is secondary to whatever hotels and restaurants and entertainment districts they can manage.
This post was edited on 12/23/25 at 4:44 pm
Posted on 12/23/25 at 4:46 pm to Kansas City King
quote:
The state will receive one complimentary suite within the stadium. If that suite becomes unavailable due to circumstances beyond the Chiefs' control (e.g., the World Cup or Super Bowl), the team must provide the state with a comparable suite. The state will cover all food and beverage expenses inside its suite.
LOL. If Politicians get to go to games/events for free in a Suite, do they really care what taxpayers are indefinitely on the hook for?
Posted on 12/23/25 at 4:52 pm to Kansas City King
Damn, and they said at the time the Raiders new deal would be the last of its kind. They also get basically all revenue which is a shite ton in Vegas.
quote:
The Raiders (via their subsidiary, LV Stadium Events Company, or StadCo) control operations, management, and booking of events.
They retain nearly all revenues from NFL games, concerts, other events, naming rights (e.g., the Allegiant deal), sponsorships, concessions, and premium seating.
The Raiders pay nominal rent (reported as $1 per year in early proposals) and cover maintenance and operating costs.
For non-Raiders events like UNLV football games, the Raiders charge rental fees (e.g., UNLV paid nearly $2.5 million in 2023 for home games).
Posted on 12/23/25 at 5:00 pm to Kansas City King
The play here is obviously ancillary events and indirect revenue. I think in most cases these subsidies make sense, $1.8 billion isn’t really that much money over 60 years if you get superbowls and Taylor swift concerts and shite like that. One Super Bowl will generate $100 million plus of economic activity.
We can hate “corporate welfare” until we’re blue in the face but these franchises, their stadiums, and the surrounding industry that comes along with it are extremely valuable and will ultimately bring the state of Kansas a lot more in revenue than what they’re “giving” away
We can hate “corporate welfare” until we’re blue in the face but these franchises, their stadiums, and the surrounding industry that comes along with it are extremely valuable and will ultimately bring the state of Kansas a lot more in revenue than what they’re “giving” away
Posted on 12/23/25 at 5:03 pm to Mingo Was His NameO
So 10000 are gonna lose their season tickets?
Thank god the saints got their deal done before this one
Thank god the saints got their deal done before this one
This post was edited on 12/23/25 at 5:05 pm
Posted on 12/23/25 at 5:03 pm to Kansas City King
I thought Jerry World was crazy at a little over $1B when it was built but looking at SoFi. I guess this isn't that crazy
Posted on 12/23/25 at 5:05 pm to Kansas City King
Also, keep in mind that the airport and most of the hotels are on the Missouri side, so technically most of the travel revenue for Chiefs game will still go to Missouri for visiting fans
Posted on 12/23/25 at 5:07 pm to Kansas City King
quote:
Also, keep in mind that the airport and most of the hotels are on the Missouri side, so technically most of the travel revenue for Chiefs game will still go to Missouri for visiting fans
Until they build new ones in Kansas, which is the entire point of getting the stadium there
Posted on 12/23/25 at 5:11 pm to Kansas City King
State of MO will lose about $30M a year in revenue they said.
Posted on 12/23/25 at 5:15 pm to Mingo Was His NameO
quote:
Until they build new ones in Kansas, which is the entire point of getting the stadium there
True, but you say that like none of the hotels on the Missouri side will be used for Chiefs games.
Posted on 12/23/25 at 5:19 pm to UltimateHog
Love sports but i hope i live long enough to see them to collapse under the weight of their greed. Our society should be ashamed of itself.
Posted on 12/23/25 at 5:20 pm to Kansas City King
Its disgusting. I hate the Chiefs again. Ruining their franchise history to play in a heckin DOME on a plastic pitch 
Posted on 12/23/25 at 5:21 pm to Mingo Was His NameO
quote:
The play here is obviously ancillary events and indirect revenue. I think in most cases these subsidies make sense, $1.8 billion isn’t really that much money over 60 years if you get superbowls and Taylor swift concerts and shite like that. One Super Bowl will generate $100 million plus of economic activity. We can hate “corporate welfare” until we’re blue in the face but these franchises, their stadiums, and the surrounding industry that comes along with it are extremely valuable and will ultimately bring the state of Kansas a lot more in revenue than what they’re “giving” away
These plays almost never make sense and the government / people rarely get a reasonable shake.
Maybe in Vegas where you have other huge draws will people make it a destination. Nobody cares about seeing the new Kansas dome out by the speedway.
Posted on 12/23/25 at 5:24 pm to Mingo Was His NameO
I like living in KC but I gotta be honest, KC Metro shouldn't be hosting a Super Bowl. It's a week long event so it should be in cities that can support it. SB should rotate between Miami, Vegas, LA, New Orleans and Phoenix. As for the details coming out the fact it's going to have about 10k less seats sucks for the fans. The game atmosphere won't be nearly as good as it is at Arrowhead.
Posted on 12/23/25 at 5:35 pm to The Third Leg
quote:
These plays almost never make sense and the government / people rarely get a reasonable shake.
Look at the city of Arlington as the number one example of these absolutely working. Sofi is going to work, the clippers new arena is going to work, etc, etc.
You just made that up
Posted on 12/23/25 at 5:36 pm to bcoop199
I'd add Atlanta and Dallas but that's it.
Posted on 12/23/25 at 5:37 pm to bcoop199
quote:
I gotta be honest, KC Metro shouldn't be hosting a Super Bowl.
I agree with you, but they aren’t doing this deal without knowing they’ll get big events
quote:
As for the details coming out the fact it's going to have about 10k less seats sucks for the fans. The game atmosphere won't be nearly as good as it is at Arrowhead.
Again, I don’t disagree with you, but that’s not why they’re doing this
Posted on 12/23/25 at 5:40 pm to Mingo Was His NameO
Study after study has shown these sports facilities bring little to no positive economic impact.
Posted on 12/23/25 at 5:51 pm to SoFla Tideroller
How could the rich ever afford to feed their families without suckling on the government teet
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