Wichita Eagle Commentary: When Wichita stadium STAR bonds fall short, guess who pays

Sales Tax and Revenue Bonds — better known as STAR Bonds — are public debt issued by the city, to get public money to pay for private development projects. That bond debt has to be paid back. The loan is supposed to be paid off using sales tax money generated by the new development. But things go wrong. And when they do, it’s taxpayers who end up paying. STAR bond debt is tricky, because you can’t easily find the numbers. Let’s look at the new Wichita baseball stadium and its $42 million in STAR Bonds.
Source: Wichita Eagle