A community improvement district anchored by the Wichita Sports Forum near K-96 and Greenwich Road has been collecting an extra 1% sales tax since October 2015, and has so far accumulated $1,836,810 in revenue. City economic development officials say that’s enough to reimburse the special assessment bonds used to help cover the costs of K-96 interchange improvements. Wichita’s City Council will decide Tuesday whether to terminate the CID early — eliminating the 1% sales tax effective Oct. 1. The CID up for consideration was established in 2013 in partnership with K-96 Destination Development Inc., developers of Greenwich Place shopping and dining district, and was set to expire in 2036. One of two CIDs in the area, the district encompasses the Sports Forum, Dave & Buster’s, Duluth Trading Co., Academy Sports and other businesses.
Source: Wichita Business Journal
