The world of sports stadium financing and Jackson County’s Question 1 [Video]

KMBC is investigating the world of sports stadium financing, focusing on Jackson County’s Question 1 and comparing it to other sports stadium subsidies across the country.Jackson County residents have received flyers in Chiefs colors saying, ‘This is our only chance to keep the Chiefs in Jackson County.’However, the teams haven’t confirmed this. Financial experts argue that teams stay even without taxpayer money. There are approximately 118 professional sports stadiums in the U.S. About 59% of sports facility referendums don’t include a sales tax component. Since 1993, 47% of stadium sales tax referendums have failed. There are 13 stadiums built without tax breaks or subsidies.Dr. Geoffrey Propheter, Associate Professor of Public Affairs at the University of Colorado Denver, is an expert on major league sports and stadium funding. “Teams don’t move when referenda are rejected, right,” he said. “If they move, it’s not because of the referenda. They moved because they …