KANSAS CITY, Mo. (KMIZ)

Kansas City Royals proprietor John Sherman introduced that the staff is formally planning on leaving Kauffman Stadium to construct a brand new, $2 billion stadium and leisure district.

The staff has not landed on a location but, however Sherman mentioned his staff will start scouting for a ultimate vacation spot.

Kauffman Stadium, in any other case often known as “The K,” has been the Royals’ house since 1973. The stadium has seen 4 World Series match ups and two All-Star Games because it opened. As of now, Kauffman Stadium is the sixth oldest stadium within the Major Leagues, behind Fenway Park, Wrigley Field, and others.

“As you may already know, it’s becoming challenging to maintain the K,” Sherman wrote in an open letter to followers. “When its current lease with Jackson County concludes at the end at the end of this decade, it will be 60 years old. The renovations required at the K to achieve our objectives would cost much more than the price tag to develop a new ball park.”

Sherman added that he does not simply wish to construct a brand new stadium, however a completely new expertise for Royals followers. He mentioned he needs to assemble a venue that may host concert events and different occasions to spice up the native economic system.

The new district is anticipated to be a mixture of private and non-private investments, together with investments from the Royals group. Sherman mentioned that he envisions retailers, eating places, workplace areas, accommodations, and even reasonably priced housing choices for Kansas Citians.

The Royals additionally plan on together with the staff’s historical past in a brand new ball park.

“We also envision incorporating our Kansas City fountains, the Royals’ crown and our team’s rich traditions and history into a new ball park district,” he mentioned.

The undertaking is anticipated to price $2 billion, whereas development may probably create greater than 20,000 jobs within the space. Sherman mentioned, as soon as opened, his staff expects the district to drive about $185 million extra regional financial output than The Ok does at present.

No timeline for when the brand new stadium will likely be constructed has been introduced but.