KC Current, the NWSL team co-owned by Patrick and Brittany Mahomes, has announced plans for an $800 million development that includes apartments and a new plaza next to the team’s CPKC Stadium.
According to the team’s website, the mixed-use district will also feature a riverfront promenade, and construction will begin later this year with an expected completion date of 2026.
The team, in collaboration with Palmer Square Capital Management, Marquee Development and the Port Authority of Kansas City, shared stunning new renderings of the proposed project on Monday, including two photographs featuring an aerial view of the picturesque Missouri River waterfront.
With CPKC Stadium being the first stadium built specifically for a professional women’s sports team, the adjacent project will attract more than $200 million in private financing, the team said.
The Current’s press release also noted that the future public space will feature movie nights, food festivals, live music and more year-round.
KC Current shared new renderings of the plan, which will be completed in 2026, on Monday.
Patrick Mahomes and his wife Brittany are investors in KC Current and attended the groundbreaking ceremony for CPKC Stadium.
CPKC Stadium opened just last month, with Patrick and Brittany on hand for the opening game at the newly built stadium.
The Current won that game 5-4 over the Portland Thorns.
The expansion plans around CPKC Stadium come as the city looks to resolve its venue issues with its NFL and MLB franchises.
The future of the Chiefs and Royals in Kansas City was thrown into doubt earlier this month when residents of Jackson County, Missouri, voted resoundingly against a sales tax measure that would have helped fund major renovations to Arrowhead Stadium and a new stadium in the center.
Royals owner John Sherman and Chiefs president Mark Donovan acknowledged long before the final count that the effort would fail.
More than 58 percent of voters ultimately rejected the plan, which would have replaced an existing three-eighths-cent sales tax that has been paying for the maintenance of the Truman Sports Complex, home for more than 50 years to Kauffman and Arrowhead stadiums. . with a similar tax that would have been in effect for the next 40 years.
The public space will host food festivals, movie nights and live music, the team said.
The 11,000-seat CPKC stadium was inaugurated last month when the Corrientes faced the Thorns.
The Royals, who had pledged at least $1 billion of property for their project, wanted to use their share of the tax revenue to help finance a more than $2 billion stadium district.
The Super Bowl champion Chiefs, who had committed $300 million in private money, would have used their share as part of an $800 million redevelopment of Arrowhead Stadium.
Donovan said the Chiefs would do “what’s best for our fans and our organization as we move forward.”
That could mean a lot of things: The Chiefs could try again with a reworked plan that’s more palatable to voters, change their entire funding approach to include more private investment, or they could even listen to offers from competing cities and states, like Kansas, on the other side of the border. the state border to the west, that would give them the public funding they want.