Royals announce new stadium at Crown Center

The long-running downtown ballpark saga appears to be coming to a conclusion – the Royals are moving to Crown Center. The team made the announcement Wednesday morning at a “special event” featuring Mayor Quinton Lucas and Missouri Governor Mike Kehoe. Royals owner John Sherman announced a project that would place a new stadium as part of a redevelopment of Crown Center, just south of downtown Kansas City.

Phase one of the $3 billion project will cover 85 acres and include a new $1. 9 billion ballpark and surrounding ballpark district. The city will contribute $600 million in funding, with previous reporting indicating that will largely come from tax-increment financing, which uses revenues from the project to pay back bonds.

Additional money will come from the state of Missouri, using tax credits, with $2 billion in private financing. The event featured renderings, although Sherman acknowledged they are “conceptual,” adding “There’s a lot of work to do. ” The Royals expect to break ground in 2027 with an opening expected by Opening Day of 2030.

“Our founder Ewing Kauffman wanted the Royals to be Kansas City’s forever, and he wanted the team to benefit his hometown as much as possible,” John Sherman said in a statement. “Joining Hallmark with this project achieves both and extends the Hall family’s critical legacy of helping Kansas City grow. ” Crown Center is a shopping center and neighborhood developed in the late 60s by the Hall family, serving as the headquarters for Hallmark.