January 8, 2020·Ranson Financial·1 min read
Visitors to Wichita’s new baseball stadium should expect to pay a little more for some purchases made there.

The Wichita City Council on Tuesday approved a 2 percent sales tax within a newly established Community Improvement District, or CID, encompassing the area around the stadium and parts of the east bank of the Arkansas River.

Revenue from the additional sales tax in the district will pay for the $75 million baseball stadium and riverfront improvements. The city is also using Sales Tax Revenue (STAR) bonds, tax increment financing and general obligation bonds to fund the project.

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