After awarding Wichita developers Dave Burk and Dave Wells millions of dollars in economic incentives in the past two decades, the city of Wichita is now suing them, alleging broken promises to repay a $2.5 million loan to redevelop the Ken-Mar shopping center. Burk, best-known for his redevelopment of Old Town, and Wells, president of Key Construction, have been partners on dozens of projects in downtown Wichita and are two of the most prolific campaign donors in city politics. The two developers owe the city more than $1.8 million for a loan it gave them in 2011 to redevelop the Ken-Mar shopping center on the northwest corner of 13th and Oliver, according to the lawsuit. From 2013 to October 24, 2019, Burk and Wells repaid the city $717,000. After that, the payments by Burk and Wells stopped. They were expected to continue paying until 2029.
Source: Wichita Eagle
