Patrick Mahomes’ Kansas City Current.(Image via Getty Images)
Under the agreement, the city could back up to $185 million in debt issued as bonds via incremental tax revenues from a riverfront tax increment financing district.
Johnathan Duncan of the 6th District said, “I have a lot of questions and continue to have questions. I think it’s incumbent upon this body to really consider that these bonds, even if it’s being backed by another entity, this isn’t free money…” Mayor Quinton Lucas said in a statement, “A landfill a generation ago, Kansas City’s riverfront is one of the greatest urban redevelopment stories of 21st century America and the area’s future is bright, bringing more residents and jobs to the riverfront area and more major events to the core of our city,” For now, the Kansas City Current is fighting it out to reach the playoffs as the expansion project continues according to plans. Patrick Mahomes and his wife, Brittany Mahomes, co-own the popular NWSL team, the Kansas City Current, and have remained dedicated to it as the team plans a expansion project related to the CPKC Stadium. The team and its developers have voluntarily agreed to issue the bonds, take on the debt, and cover any potential cash-flow shortfalls or debt costs if tax revenues fall short, protecting the city’s budget. But three council members have voted against this plan.