Finance board approves revised deal for Chiefs - KAIT Jonesboro, AR - Region 8 News, weather, sports

Finance board approves revised deal for Chiefs

JEFFERSON CITY, Mo. (AP) - A state finance board has approved a revised deal to bring the Kansas City Chiefs training camp back to Missouri from Wisconsin.

The agreement approved Thursday by the Missouri Development Finance Board guarantees the Chiefs will train in Missouri for at least 10 years in exchange for $25 million in tax credits. If the Chiefs don't follow through, they would owe penalties to the state.

The finance board originally approved the tax credits in December. But Gov. Jay Nixon's administration later raised concerns that the agreement required the Chiefs to keep their camp in Missouri for only five years.

The Chiefs currently train at the University of Wisconsin-River Falls. They plan to move their summer camp to a new facility at Missouri Western State University in St. Joseph.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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