Overland Park will soon end a special sales tax incentive at Oak Park Mall ahead of schedule, making it just a little bit cheaper to shop there. Back in 2007, Overland Park approved a 0.5% Transportation Development District (TDD) special sales tax at the mall to help pay for transportation-oriented improvements and some redevelopment at the mall site. Later, the city issued $16.2 million in revenue bonds tied to the TDD that would need to be paid back by April 1, 2032. In 2022, the city added $3.8 million more in refund bonds, with an expected payback date of 2032.
Source: Johnson County Post
