Bill > SB1480

This bill, known as the "Missouri Sports Franchise Responsibility Act," establishes new rules for lessees of public facilities, which are buildings or facilities owned by counties, municipalities, cities, or other state-created political subdivisions. It defines "reasonably adaptable or usable" as a facility that can be repurposed for another lawful use without major structural changes, and "substantial reconstruction" as significant alterations to the facility's framework or design. The bill states that a lessee of a public facility, particularly if they have exclusive or primary use, may be held responsible for a portion of the costs if, after their lease ends, the facility cannot be easily adapted for another use without demolition or major reconstruction due to the lessee's specific configuration or improvements they installed, especially if those improvements were publicly funded. The lessee's liability is limited to costs directly tied to their exclusive use or improvements, excluding general wear and tear or market changes, and their share of costs cannot exceed one percent of the total reconstruction cost multiplied by the number of years they leased the facility. The Missouri Department of Economic Development will investigate and determine if a facility is unusable due to a lessee's actions, the extent of those costs, and the lessee's proportional share, with lessees having the right to appeal these determinations to the administrative hearing commission.

Business and Industry

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=54388