Developers of Mission Farms West want the city to increase public financing for the next phase of construction for the mixed-use development near Mission Road and Interstate 435. The Overland Park Finance, Administration and Economic Development Committee has already voted to recommend issuing $27 million worth of economic development revenue bonds – tripling the original $9 million previously approved by the city. The bonds are a financing measure that will allow the developer, Mission Farms West Development LLC, to claim sales tax exemptions on construction materials, equipment, labor and furnishings for the project.
Source: Prairie Village Post
