The Kansas City Chiefs on Monday announced that their plan to build a new stadium, to replace their current home the Arrowhead, has been approved by the Kansas authorities. The new stadium will be built in Wyandotte County, Kansas, and will cost the city and the Chiefs around $3 billion.
Wyandotte County is in northeastern Kansas, along the Kansas–Missouri border. It includes Kansas City, Kansas, with the county seat being Kansas City.
Clark Hunt, the CEO of the Kansas City Chiefs, said the stadium will cost approximately $3 billion and the practice facility about $300M. He also said that the Chiefs will invest another $700 million in mixed-use areas in Wyandotte County and Olathe, a major entertainment district in the neighboring Johnson County.
"Today is an extraordinary day in the history of the Kansas City Chiefs," Hunt said at Monday's presser. "We are excited to partner with the State of Kansas to bring a world-class stadium to our fans. This project represents another step in our legacy of innovation and our fan-first mentality."
What To Know About Chiefs New Stadium Plans
The stadium will be built with a private-public partnership. The Kansas City Chiefs will fund the project alongside the city of Kansas. On Monday, the legislators in Kansas City signed off on the project, noting that no additional funds will be required from the state budget. It will also require no new taxes on Kansas City residents.
{{/usCountry}}The stadium will be built with a private-public partnership. The Kansas City Chiefs will fund the project alongside the city of Kansas. On Monday, the legislators in Kansas City signed off on the project, noting that no additional funds will be required from the state budget. It will also require no new taxes on Kansas City residents.
{{/usCountry}}As of now, a projected completion date has not been announced. The project is massive - with a stadium, training facilities and additional investment around the stadium in both Wyandotte County and Johnson County. While the stadium itself will cost $3 billion, an additional $1-1.5 billion has been allocated for infrastructure projects around the new Kansas City Chiefs home. The total cost of the project is estimated somewhere around $5 billion.
"This is a great day for Kansas City Chiefs fans," Roger Goodell, the NFL Commissioner, said in a statement. "The Chiefs' new enclosed stadium will be a stage for unforgettable moments, whether it's playoff games, concerts or championship events."