KANSAS CITY (CelebrityAccess MediaWire) — A final agreement between the Wizards and Wyandotte County officials has paved the way for a new $414 million dollar soccer stadium.
The plans call for the construction of an 18,000-seat soccer stadium to be finished by the start of the 2012 soccer season, by a partnership between nGoal LLC, the owner of the Kansas City Wizards, and Lane4 Property Group.
The stadium project will of course, recieve public support and is being subsidized with $85 million in cash and tax breaks and $144.5 million in a bond issue. The bonds would be repaid from sales tax revenue from merchants at the Village West development, located at the future sight of the stadium.
County officials anticipate that the new project will create approximately 4,000 new jobs that they characertized as "high paying."
“In current economic times, we must focus on job creation,” Unified Government Mayor Joe Reardon told said in a statement. “The number and kinds of jobs this development will create, from immediate construction jobs to the health technology jobs at Cerner and those connected with the Wizards, will be a massive benefit for the entire state.” – CelebrityAccess Staff Writers