India, Dec. 23 -- The Kansas City Chiefs on Monday announced that their plan to build a new stadium, to replace their current home the Arrowhead, has been approved by the city authorities. The new stadium will be built in Wyandotte County, Kansas, and will cost the city and the Chiefs around $3 billion.

Wyandotte County is in northeastern Kansas, along the Kansas-Missouri border. It includes Kansas City, Kansas, with the county seat being Kansas City.

Clark Hunt, the CEO of the Kansas City Chiefs, said the stadium will cost approximately $3 billion and the practice facility about $300M. He also said that the Chiefs will invest another $700 million in mixed-use areas in Wyandotte County and Olathe, a major entertainment district in the n...