With public financing secured, developers are set to break ground this summer on an all-abilities theme park in Olathe. On Tuesday, the Olathe City Council unanimously voted to approve a series of tax incentives to support the development of a $320 million entertainment district called Olathe Gateway. The project will get about $104 million in state and local tax incentives. Developers plan to begin construction by July 15. On Sept. 17, the City Council approved creating a sales tax revenue (STAR) bond district on roughly 130 noncontiguous acres at the southwest and northeast corners of 119th Street and Renner Boulevard for the mixed-use project. STAR bonds provide upfront cash for a project and then are paid off using sales tax revenue from the development once it’s finished.
Source: Kansas City Business Journal
