Missouri Senate Approves Sports Investment Bill Amid Broader Legislative Efforts
KANSAS CITY, Mo. — In an early Thursday session, the Missouri Senate passed Senate Bill 3, also known as the Show Me Sports Investment Act, with a vote of 19-13. This legislation enables professional sports teams to utilize tax revenue generated at their stadiums to help repay construction bonds, covering up to 50% of costs for new or renovated venues that meet specific criteria—such as hosting a professional baseball or football team and containing over 30,000 seats, with a minimum construction cost of $500 million.
The bill comes in light of Kansas’s recently enacted STAR bond bill, which offers to cover up to 70% of similar construction expenses, pending expiration at the end of June, although it may be extended.
Additionally, the Senate approved two other bills early Thursday. Senate Bill 1 allocates funds to the Department of Economic Development for the Missouri Housing Development Commission, passing 23-10. Senate Bill 4 expedites emergency aid disbursements from the Missouri Housing Trust Fund, garnering a 29-4 vote.
In a statement, Senate Democrats emphasized key outcomes of the special session, including increased storm funding for St. Louis and full funding for the MU Cancer Reactor, while requiring local support for any stadium projects.
The Senate has adjourned until Monday, June 16, pending House approval of the legislation; however, they may reconvene if required to address legislative needs.
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