Chiefs release renderings of new $3 billion stadium

KANSAS CITY, Mo. (KQTV) -- The Kansas City Chiefs have released the initial concept renderings for the team's new $3 billion stadium to be built in Kansas.

The stadium will feature a full enclosed roof with translucent ETFE panels to provide an open-air feel. The new stadium is expected to hold approximately 70,000 people with more than 20,000 parking spots.

"Today we are excited to show Chiefs Kingdom a first look at our new home," Chiefs Chairman and CEO Clark Hunt said. "From the beginning, our goal has been to build something that improved the gameday experience for every single fan. This new stadium will do just that. It's spectacular. It honors the rich legacy of this franchise while setting a bold course for the future of Chiefs Kingdom. While we're still finalizing many of the details, there are a few things we know for sure: it will hold 70,000 fans, it will still be the best place in the world to tailgate, and the whole building will be built for noise."

The Chiefs selected Kansas City-based MANICA to be the lead design architect and Kansas City-based sports architecture firm HNTB has been selected to be the architect of record.

Chiefs' officials reached an agreement last December with Kansas officials to move the team over to the Kansas side that includes a $3 billion stadium.

The new stadium will have a roof and will be located near the Kansas Speedway in Kansas City, Kan. The Chiefs will also move their headquarters over to Olathe, Kan.

The Chiefs said on Wednesday morning that the latest economic impact figures said that the stadium project and practice facility/team headquarters will create 36,500 full-time equivalent job-years and $8.2 billion in economic impact for the Kansas City region during construction. The stadium, along with the practice facility and surrounding developments, is slated to support 8,500 full-time equivalent jobs and generate $1.5 billion in economic impact annually for the region once operational.

The stadium is set to open for the Chiefs' 2031 season.

ESPN's Adam Schefter first reported the stadium renderings earlier Wednesday morning.