Mayor Lucas

That's home of the Kansas City Cardinals.

us to have a strong relationship and as much as i love politicians and bureaucrats and all of that i'm not sure if we need more so the deal we're going to try to strike with the royals and i think this has been discussed a lot of the way that they manage the team they take care of the things they keep up the parks nearby and uh you know we help facilitate the construction of a new baseball stadium so but is it conveyance like you have to pay for they yeah and is it is that part of the 600 million

It is, you know, the value of all of that is kind of part of what the development agreement is, but no, we won't pay for any part of it.

And they probably will pay the Hallmark something for it.

They're not paying us for the kind of financing fees related to it.

It is going into building things.

So the way that you tend to get a government incentive is that we'll issue bonds.

They can use it, but that is for construction of a stadium, for infrastructure primarily to do the work of what a stadium is.

We are not as a city.

buying a part of crown center we're not as a city helping to finance what is at its purest a real estate transaction between very successful business people and john sherman and don hall and their entities instead what we're doing is uh making sure we can help facilitate a stadium but no we are not uh buying an interest in crown center

I think it has come together fairly recently from what I know.

And, of course, those guys are going to have the better details.

They had a lot of discussion, a lot of discussion about what a transaction might look like, what type of arrangement it would be, what are the legal rights.

And I'm sure, and this is something I'm not privy to, what type of money needs to be exchanged within it.

For the conspiracy theorists who kind of say this has been cooked for six months and seven months and they've hidden it from us for any who knows what reason, that's not true.

My experience at all, certainly not the perspective of Kansas City.

We were working our best to say, and really for some time, right, we built out a deal that said, if you stay in Kansas City, this is what we can build.

Same thing the state of Kansas did with Star Bonds, the same thing that I think North Kansas City and others were trying to pull out.

And so what we did was that, as we got more to spaces, the city of Kansas City has shared over recent weeks

and in times that, you know, the more we know about where it's going to be, the more we can build out a financial model that works with it.