Loretto Properties’ plan to build an “ultra-accessible” special incentive district featuring an amusement park, a 5,000-seat multisport complex, housing, retail, dining and a medical facility for individuals with disabilities easily cleared its first hurdle this week. The company — run by Lamar Hunt Jr. and his son-in-law James Arkell — has requested a Sales Tax and Revenue, or STAR, bond district. The total estimate for the price tag of the first planned phase of development at the southwest corner of 119th Street and Renner Boulevard covering about 64 acres costs about $300 million. An official amount has yet to be set, but Arkell estimated in an interview with the Post the project would request about $54 million through the incentive. The Olathe City Council on Tuesday voted 6-0 to start the process of establishing a STAR bond district comprising roughly 132 acres in the area known as Olathe Gateway.
Source: Johnson County Post
