Missouri Minute: Royals weighing downtown KC stadium; lawmakers eye budget items in veto session

Hello, MBA readers,

The Kansas City Royals are officially exploring the possibility of playing downtown baseball. Royals majority owner John Sherman said Tuesday the team is conducting an internal analysis about its options for a home when its current lease at Kauffman Stadium expires in 2031. A downtown ballpark is among the possibilities, he said, citing a desire to drive economic growth and have a positive community impact. In Jefferson City, lawmakers are convening for their annual veto session, giving legislators a chance to override Gov. Mike Parson’s vetoes on bills they passed during this year’s legislative session. The GOP-controlled legislature is not expected to mount any major challenges to the Republican governor’s decisions, but some anticipate overrides of line-item budget vetoes. Plus, an annual list ranking colleges and universities across the country has been released, and a number of Missouri schools fared well in their categories. Washington University in St. Louis cracked the top 15 of “national universities,” and the University of Missouri in Columbia and Truman State University earned high marks as value options.


Want Missouri’s top business news in your inbox? Subscribe here.


Stay alert

Spire STL Pipeline can continue to operate — for now
The St. Louis-based gas utility can keep the pipeline in service for 90 days while federal regulators consider its ultimate fate. (Missouri Independent)

Wash U leads Missouri contingent on ‘best colleges’ list
Washington University in St. Louis climbed two spots, to No. 14, among “national universities” in the annual U.S. News & World Report ranking. Truman State University and College of the Ozarks earned high marks in their classifications. (MBA)

Lawmakers eye budget items in veto session
On Wednesday, the Missouri legislature can override Gov. Mike Parson’s vetoes on bills passed in the 2021 session. The House is expected to attempt to overturn two line-item budget-related vetoes concerning child welfare. (St. Louis Public Radio)

Fox Theatre to require proof of vaccination
Beginning Oct. 1, showgoers will need to bring a vaccination card or negative COVID-19 test for admission to the St. Louis theater. (KSDK)

KC-area man pleads guilty to fraud
The operations manager for North Kansas City’s Zieson Construction was part of a $335 million scheme that involved acquiring federal grants for minority and veteran firms, along with false personal tax filings. (Kansas City Business Journal)

Missouri has yet to distribute millions in pandemic rental aid
Following a national pattern, the state has only distributed a fraction of the millions of dollars it received from the federal government to help residents catch up on unpaid rent and utility bills. (Missouri Independent)

Cigna, Oscar Health to offer small businesses health insurance plans 
The companies will offer plans to businesses in the Kansas City and St. Louis markets with up to 50 employees. First, they need regulatory approval. (Kansas City Business Journal)

Bass Pro founder gets bust in Hall of Famous Missourians
Johnny Morris, now one of Missouri’s wealthiest residents, started the Springfield-based outdoor sports retailer in 1972. He was honored Tuesday in a ceremony in the Missouri House chambers. (St. Louis Post-Dispatch)

St. Louis packaging company expands overseas with acquisition
TricorBraun will bring its business to Australia and New Zealand after acquiring Cormack Packaging for an undisclosed amount. (St. Louis Business Journal)

Stone Soup Cottage is saying goodbye
The upscale French restaurant in Cottleville reopens for dine-in service next week, but it will offer only nine months of dinners before closing its doors for good in June 2022. (St. Louis Business Journal)


Say that again

“These schools need to be resourced differently — we have some of the highest crime rates in the country, but they still want to say, ‘we’re going to give you the same kind of funding as we give everybody else,’ when those factors are real and tangible.”

That’s Kelvin Adams, superintendent of St. Louis Public Schools, speaking about the increased gun violence he has seen develop in schools that receive less state funding, The Kansas City Star reports. Across the state, a similar phenomenon is being seen, especially in Kansas City Public Schools. Both districts are historically underfunded, with students reporting that their schools are not able to provide counseling and other necessary services to students following acts of gun violence.


Go figure

20%

The Missouri Lottery reported record sales for the fiscal year that ended June 30, with sales increasing by over 20%, to $1.8 billion. After paying prizes, commissions and wages, the lottery recorded a net profit of $345 million. Officials from the lottery and the Missouri Gaming Commission testified before a Missouri Senate committee Tuesday that the state’s intake from gaming could grow if Missouri legalizes sports wagering.


Send tweet


Kansas City Royals brass on Tuesday addressed the possibility of the team pursuing a downtown stadium, drawing lots of reactions on social media — including some poking fun at the lack of development around the baseball team’s current home. Royals majority owner John Sherman said the team needs to think about plans for a stadium when its lease at Kauffman Stadium expires in 2031. He acknowledged that a downtown stadium is among the possibilities, KCUR reports. Sherman said criteria for the team’s decision include community impact, economic growth and quality of life for people in the region. That discussion came at the end of a press conference in which the Royals announced high-level organizational changes. After spending 15 years as general manager of the team, Dayton Moore was promoted to president of baseball operations. J.J. Picollo will fill the post vacated by Moore.


It’s been a pleasure doing business with you.


Tags:,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students