The Missouri Development Finance Board has voted unanimously 10-0 to approve a request from the Kansas City Chiefs and the Jackson County Sports Complex Authority for 25-million dollars in tax credits.
The credits are separate from the 50-million dollars in tax credits issued in 2006. The team and the Sports Complex Authority claim they will use the credits for renovations to the Truman Sports Complex and the surrounding area.
Bill Newman, Senior Vice President of Administration for the Chiefs, says a portion of the credits would be sold sold to come up with 10-million dollars to be applied toward the construction of a $13.45 million dollar indoor events and football training facility on the campus of Missouri Western State University in in St. Joseph.
The Chiefs will then move from River Falls, WI to St. Joe before the 2010 season.