Jackson County gets better bond deal for stadiums

Courtesy Jackson County.

Courtesy Jackson County.

The Royals are winning now and Jackson County taxpayers are also coming out ahead.

The county is saving $32 million in interest by refinancing up to $360 million in bonds issued in 2006 for renovations at the Truman Sports Complex.

Jackson County Executive Mike Sanders announced that Monday.

“The timing couldn’t be more perfect,” he said, “given the excitement surrounding our teams, especially the postseason play of the Royals.”

The $32 million in savings will be put back into long term maintenance, upkeep and renovation of the complex, he said.

The county’s good credit rating played a role in getting a lower interest rate on the bonds, Sanders said.

The county owns Kauffman and Arrowhead stadiums and leases them to the Royals and Chiefs.

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