The Kansas City Chiefs and Hunt Midwest have created a joint venture called Two-Point Development to master-plan the mixed-use district surrounding the team's planned $300 million headquarters in Olathe.

The Hunt family controls both the Chiefs and Hunt Midwest, a Kansas City-based real estate firm that says it has developed more than $3 billion in projects over 60 years. Two-Point Development will oversee architects, engineers and land planners for the districts around the Olathe headquarters and a separate domed stadium planned for Kansas City, Kansas, the Johnson County Post reported.

The venture was announced Monday, Aug. 31.

Its name nods to Chiefs founder Lamar Hunt, who championed the two-point conversion in professional football. Clark Hunt, the team's chairman and CEO, said in an Aug. 31 KCTV5 report that the announcement was "a monumental day" for his family, adding that his father spent decades investing in the Kansas City business community.

The Chiefs announced in December 2025 that they plan to build the headquarters and training facility near College Boulevard and Ridgeview Road, just south of Kansas Highway 10. The project and a $3 billion domed stadium in Kansas City, Kansas, are set to open for the 2031 NFL season.

Kansas City-based architecture firm Populous will design the headquarters and serve as planning architect for the surrounding development. Burns & McDonnell will serve as the team's owner's representative, monitoring cost, schedule, design and construction.

The team has not announced what exactly will be built around the Olathe facility. Kansas' agreement with the Chiefs identifies stores, restaurants, hotels, entertainment venues and parks as types of development that could qualify for public financing. The project drew inspiration from the Dallas Cowboys' "The Star" district in Frisco, Texas, which includes more than 35 restaurants, shops and specialty services, according to KCTV5.

$1.8 billion in public incentives back the project

The broader Chiefs relocation carries $1.8 billion in public incentives. In February, the Olathe City Council unanimously approved Sales Tax and Revenue (STAR) bonds to help finance the city's portion. Olathe has pledged certain new sales, use and hotel tax revenues generated within the project area to repay the bonds for as long as 30 years.

JC Bradbury, an economist at Kennesaw State University who studies publicly funded stadiums, pointed to the Atlanta Braves' mixed-use development around Truist Park in Cobb County, Georgia, as a comparable example. Bradbury told the Johnson County Post that district costs county taxpayers about $15 million a year while increasing the team's revenue by roughly 10%.

"From a public investment, taxpayer perspective, [it is] an unambiguous money loser," Bradbury said.

The Kansas Legislature created the Kansas Sports Facilities Authority (KSFA) this year to oversee construction and management of the team's move. The 11-member board will own all of the new Chiefs facilities. Olathe Mayor John Bacon sits on the board.

Bacon told the Johnson County Post that the project's groundwork is already underway, saying there is "a lot going on right now" that the public cannot yet see. He described the approval process as still in its early stages.

Matt Shatto, owner of Betty Rae's Ice Cream about a mile from the future headquarters site, told KCTV5 on Aug. 31 that naming a master developer signals the project is real and gives the community a clearer picture of who will shape the district.

The project's public funding remains a topic on the campaign trail ahead of the 2026 Kansas statehouse elections, which include a governor's race and every Kansas House seat.