Kansas City Royals chairman and CEO John Sherman, the club’s principal owner, released an open letter late Tuesday afternoon in which he makes the case for a new ballpark and the need to move on from the team’s longtime home at Kauffman Stadium.
Sherman first stated his intentions to explore a new ballpark for the Royals last September. But he had not offered many specifics about the cost either at that time or in subsequent comments, other than to stress that any new venue would need to serve the community as well as, of course, the Royals.
In Tuesday’s letter, addressed “To our dedicated Royals Fans and the Kansas City Community,” he put a $2 billion price tag on the project, which he described as “the largest public-private development project in Kansas City history.”
Sherman indicated the Royals are now focused on specific sites in downtown KC and near downtown, though he did not give a specific number of sites or identify any site in particular.
He also put forth what he described as guiding principles for this ongoing process.
