An Overland Park mixed-use heading into its development home stretch later this month will settle up on bond interest it has owed, in part, for more than two years. UMB Bank has scheduled July 22 as the date to pay $286,465 in bond interest, on which Prairiefire previously had defaulted, with a special record date set for Monday, according to a June 30 event notice. The bank is trustee for $14 million in community improvement district (CID) revenue bonds issued by Overland Park in 2012 to help finance Prairiefire through sale tax revenues generated at the development. Prairiefire is located between Lamar and Nall avenues, south of 135th Street.
Source: Kansas City Business Journal
