The Unified Government is modifying the STAR bond project for the American Royal because the state will not approve it as it was originally written, according to UG officials.
Unified Government Administrator Doug Bach told the UG Commission Thursday night that the acting secretary of commerce would not approve the local share being held back for the sales tax revenue (STAR) bond project for the American Royal, outside of the Plaza at the Speedway area contained in the district.
“We were going through the final stages of putting the plan together when we received some comments from the acting secretary of commerce regarding our wording that was in the sharing of local sales tax,” Bach told the commission.
The UG had put in a provision that held back some of the local share, he said.
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