Kansas City Chiefs and Hunt Midwest Form Two-Point Development JV for Mixed-Use Districts in Kansas City and Olathe

The Kansas City Chiefs and Hunt Midwest announced Aug. 31 the formation of Two-Point Development, a joint real estate venture that will act as master developer for two large-scale, mixed-use districts anchored by the franchise's planned NFL stadium in Kansas City, Kansas, and a new headquarters and training facility in Olathe, Kansas.

Structure and Scope of the Joint Venture

Two-Point Development will oversee the design and development of both districts, coordinating architects, engineers, land planners, and general contractors across the two sites. Hunt Midwest brings more than six decades of real estate development experience, including mixed-use projects, while the Chiefs contribute expertise in fan engagement, guest services, entertainment programming, event operations, and community relationships.

Hunt Midwest is a Kansas City-based, privately held real estate development company with more than $3 billion of developed projects across industrial, self-storage, residential, multifamily, and senior living asset classes. The firm is one of the holdings of the Lamar Hunt Family, whose portfolio also includes the Kansas City Chiefs, the Chicago Bulls, FC Dallas, Hunt Southwest, and Unity Hunt.

Development opportunities for both districts are being handled by Hunt Midwest Senior Vice President Aaron Schmidt, who can be reached at twopoint@huntmidwest.com.

Stadium District in Kansas City, Kansas

In Wyandotte County, Two-Point Development will create a mixed-use district surrounding the Chiefs' planned enclosed, 65,000-seat domed stadium in far-west Kansas City, Kansas. The stadium site is located north of State Avenue, between approximately 118th and 126th Streets, near Kansas Speedway and the Legends retail corridor.

The stadium component carries a total project cost of roughly $3 billion, with an adjacent entertainment district estimated at approximately $325 million, bringing the combined investment at the Wyandotte County site close to $3.3 billion. The project is supported in part by a state STAR bond structure expected to cover most of Wyandotte County and parts of Johnson County, with approximately $1.8 billion in stadium bonds supported by incremental state sales and liquor taxes. A local Wyandotte County STAR bond district, covering roughly 235 to 236 acres, is projected to raise between $350 million and $450 million over approximately 25 to 30 years from sales and hotel taxes generated within the stadium district.

The planned district is designed as a year-round destination blending entertainment, hospitality, retail, residential, and public gathering spaces, extending the site's economic activity well beyond NFL game days.

Olathe Headquarters and Training Facility District

In Olathe, Johnson County, the Chiefs' future headquarters and practice facility will anchor a 155-acre mixed-use campus near the intersection of College Boulevard and Ridgeview Road, just south of K-7 Highway. The Olathe project carries a reported cost of approximately $300 million.

Populous has been named lead design architect for the practice facility and headquarters and will also serve as master planning architect for the surrounding mixed-use development. Burns & McDonnell has been named owner's representative for the Olathe project. The Olathe City Council approved a STAR bond district in early 2026 to support the development at the College Boulevard and Ridgeview Road site.

The vision for the Olathe district is to create an environment where residents can live, work, and play alongside connected, experience-driven public gathering spaces tied to the team's football operations.

Public-Private Framework and the Hunt Family Legacy

Both projects are structured as part of a broader public-private partnership with support from the State of Kansas, the Kansas Department of Commerce, the Unified Government of Wyandotte County and Kansas City, Kansas, the City of Olathe, and Johnson County.

The Two-Point Development name draws on the legacy of Lamar Hunt, who founded both the Kansas City Chiefs and Hunt Midwest. Hunt championed the inclusion of the two-point conversion in professional football — a play that his American Football League adopted when it began play in 1960, and which was eventually incorporated into the NFL rulebook in 1994 at his urging.

"This is a monumental day for our family as the Kansas City Chiefs and Hunt Midwest form a new business partnership," said Chiefs Chairman and CEO Clark Hunt. "My father was a visionary who believed in the future of Kansas City and spent decades investing in the business community of this region. Today we are so proud that his football franchise and his real estate company are joining forces to drive transformational real estate developments around the Chiefs future stadium and training facility. This partnership will create two dynamic districts, provide memorable experiences for residents and visitors, spur meaningful economic growth, and fundamentally transform the footprint of the Kansas City metro area. We are proud of this joint venture and excited to get to work making this vision a reality."

The combined scale of the two districts — spanning a $3.3 billion stadium-anchored development in Wyandotte County and a $300 million campus in Olathe — positions Two-Point Development among the larger mixed-use undertakings in the Kansas City metro area in recent years, with STAR bond financing structures designed to capture incremental retail and entertainment tax growth across multiple counties for up to 30 years.

Sources

Hunt Midwest — Kansas City Chiefs and Hunt Midwest announce Two-Point Development, a real estate joint venture (Aug. 31, 2026)