OPINION – $2 billion Chiefs stadium deal won’t fix the Kansas economy, but property tax relief would help
GUEST COLUMN, Dave Trabert, Kansas Policy Institute
Kansas Governor Laura Kelly declared it a “once-in-a-generation opportunity” to transform the state’s economy by delivering thousands of new jobs and billions of dollars in new business activity.
That was in 2022, when she announced the state would give Panasonic $829 million to build an electric battery plant in Johnson County. Her hoped-for economic transformation hasn’t come about, and it won’t, for many of the same reasons that giving the Hunt family a $2 billion taxpayer subsidy to move the Kansas City Chiefs from Missouri to Kansas.
The Kansas economy hasn’t fallen further behind the national average because of a lack of taxpayer subsidies; Democrats and Republicans alike have heaped subsidies on companies for decades, yet the state is in its fifth consecutive decade of economic stagnation.