• Loading stock data...
Friday, October 10, 2025
One week until Asset Class at the NYSE Request to Attend

Royals Heading Downtown for New $2B Ballpark

  • Royals chairman and CEO John Sherman announced plans to build a $2 billion stadium and entertainment district.
  • The team’s current least at Kauffman Stadium expires in 2031.
Renderings of Kansas City Royals new stadium
Kansas City Royals

The Kansas City Royals are making their way downtown.

On Tuesday, Royals chairman and CEO John Sherman announced plans to build a $2 billion stadium and entertainment district either near downtown or in it.

Sherman, who bought the team for $1 billion in 2019, wrote that the process would be the largest public-private development project in the city’s history and includes the team’s “own intention to invest hundreds of millions of dollars directly into the ballpark and the ballpark district.”

The team envisions local restaurants and shops, office spaces, hotels, and housing.

  • The team said construction of the plan could create 20,000 jobs, with $1.4 billion in labor income.
  • It could generate an estimated $2.8 billion in total economic output.
  • In its inaugural year, the ballpark is estimated to drive $185 million more in regional economic output than the team’s current home, Kauffman Stadium, does.

The Royals estimate the development around the new stadium could attract 2,200 onsite jobs. Employment could represent $200 million in annual labor income and over $500 million in annual economic input. 

Jackson County citizens won’t have to contribute any extra tax dollars.

Kauffman Construction

The announcement comes after the team announced in September 2021 it would explore the possibility of a new ballpark — the team’s lease at “The K” expires in 2031, at which point the venue will be nearly 60 years old.

“The renovations required at The K to achieve our objectives would cost as much or more than the price tag to develop a new ballpark,” Sherman wrote.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

The Yankees’ $319M Roster Flopped. Now Comes the Hard Part: 2026

The MLB club’s current contracts limit its flexibility somewhat for next year.
exclusive

Bud Selig: ‘Remarkable’ Brewers Run Can’t Mask MLB’s Money Divide

The former commissioner lauds his hometown team while raising economic concerns.

MLB’s Rare October Day: Four Playoff Games, Four Possible Clinchers

Four separate clinching opportunities are available during the day.
Mar 19, 2023; Miami, Florida, USA; USA shortstop Trea Turner (8) throws to first base for an out during the first inning at LoanDepot Park.

Fox Picks Up Media Rights to 2026 World Baseball Classic

The network will repeat its role in the international baseball tournament.

Featured Today

Paul Cartier

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.
Nov 17, 2024; New Orleans, Louisiana, USA; Detailed view of a Cleveland Browns helmet on a time out against the New Orleans Saints during the first half at Caesars Superdome.

Cleveland Takes New Shot at Blocking Browns’ $2.4B Stadium

A new lawsuit challenges a permit for the NFL team’s planned stadium.
Sep 23, 2025; Dallas, Texas, USA; Dallas Stars forward Adam Erne (76) looks on during the game between the Dallas Stars and the Minnesota Wild at American Airlines Center
exclusive
October 3, 2025

Dallas Stars Eyeing Possible Move to Plano in 2031

The team needs to figure out where they’ll play starting in 2031.
October 7, 2025

Rays Owner Eyes New ‘Forever Home’ Like Atlanta’s Battery

The club’s new owners target a new ballpark opening in 2029.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
Chicago Bears stadium rendering
October 1, 2025

Bears Want $855M in Public Money for Suburban Stadium

The NFL team details an updated ask for public money.
September 29, 2025

A’s Unveil Sacramento Jerseys As Vegas Development Advances

The club unveils an alternate “Sacramento” jersey as Las Vegas plans advance.
Sep 28, 2025; East Rutherford, New Jersey, USA; Los Angeles Chargers cornerback Cam Hart (20) breaks up a pass intended for New York Giants wide receiver Malik Nabers (1) during the second quarter at MetLife Stadium. Nabers was carted off the field with an injury after the play.
September 29, 2025

Malik Nabers’s Torn ACL Rekindles NFL’s Grass vs. Turf Debate

The Giants star tore his ACL on MetLife Stadium’s artificial surface.
September 25, 2025

NYCFC’s New $780M Queens Stadium Comes With Jab at Red Bulls

The MLS club progresses on developing its new stadium in Queens, N.Y.