Patrick and Brittany Mahomes’ KC Current unveils new $800million plan for apartments and public space next to historic CPKC Stadium… as city looks to solve NFL, MLB venue issues
The KC Current — the NWSL team partially owned by Patrick and Brittany Mahomes — has announced plans for an $800 million development that will include apartments and a new town square next to the team’s CPKC Stadium.
According to the team’s website, the mixed-use district will also feature a riverside promenade, with construction set to begin late this year with a target completion date of 2026.
The team, in collaboration with Palmer Square Capital Management, Marquee Development and the Kansas City Port Authority, shared impressive new renderings of the proposed project on Monday, including two photos showing an aerial view of Missouri’s scenic riverfront.
Because CPKC Stadium is 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 year-round movie nights, food festivals, live music and more.
The KC Current shared new renderings of the plan – which is scheduled to be completed in 2026 – on Monday
Patrick Mahomes and his wife Brittany are investors in the KC Current and attended the ribbon cutting ceremony for CPKC Stadium
The CPKC Stadium only opened its doors last month, with Patrick and Brittany on hand for the opening match in the newly built stadium.
The Current won that game 5-4 against the Portland Thorns.
The expansion plans surrounding CPKC Stadium come as the city looks to resolve its location issues with its NFL and MLB franchises.
The future of the Chiefs and Royals in Kansas City was thrown into question earlier this month when residents of Jackson County, Missouri, decisively voted down a sales tax measure that would have helped fund major renovations to Arrowhead Stadium and a new downtown ballpark .
Royals owner John Sherman and Chiefs president Mark Donovan acknowledged long before the final outcome that the initiative would fail.
More than 58 percent of voters ultimately rejected the plan, which would have replaced the existing three-eighths of a cent sales tax paid to maintain the Truman Sports Complex — home to the Kauffman and Arrowhead for more than 50 years stadiums – with a similar tax that would have been in place for the next forty years.
The public space is intended for food festivals, movie nights and live music, the team said
The 11,000 seat CPKC Stadium opened last month when the Current faced the Thorns
The Royals, who had committed at least $1 billion from property to their project, wanted to use their share of the tax revenue to help finance a more than $2 billion baseball district.
The Super Bowl champion Chiefs, who had committed $300 million in private money, are said to have used their share as part of an $800 million renovation of Arrowhead Stadium.
Donovan said the Chiefs would do “what is in the best interest of 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 financing approach to include more private investment, or they could even listen to offers from competing cities and states – like Kansas, right across the street. the state line to the west – which would provide the public funding they want.