UG opens door for Homefield’s first $130M in STAR bonds, setting stage for 2022 groundbreakings

Officials in Kansas City, Kansas, have signed off on multiple bond measures necessary for developers of the $648.1 million Homefield project to hit approved deadlines coming at the end of the year. Commissioners with the Unified Government of Wyandotte County/Kansas City, Kansas recently greenlit up to $160 million in sales tax revenue (STAR) bonds for the roughly 400-acre project near 94th Street and State Avenue. Of that total, Homefield LLC can unlock as much as $130 million in public benefit for its multi-sport Homefield Building, Perfect Game youth baseball complex and related infrastructure. The developer must first attract $195 million in private capital, or a 40-60% ratio in public-to-private funds, under a revised agreement approved with the UG in late January. The UG has restricted $20 million of those STAR bond proceeds, with plans to release $5 million to the developer once its privately funded $85 million, 250-room Margaritaville hotel has broken ground, and the $15 million balance after it opens.
Source: Kansas City Business Journal – The Business Journals

2022-04-14T01:10:11-05:00April 14, 2022|News|

Prairie Village considers $1M for park upgrades over next 5 years — Here’s when and where

The Prairie Village City Council will soon consider approval of a more than $1 million capital improvement program plan for city parks, but the proposal does not include funding for planned work at Harmon Park, the city’s most prominent park. The big picture: The parks and recreation committee wanted to tackle the city’s entire park system with the next five-year capital improvement plan. Otherwise, some city parks wouldn’t see improvements for more than five years, Councilmember Lauren Wolf said.
Source: Prairie Village Post

2022-04-14T01:00:44-05:00April 14, 2022|News|

Fort Scott welding class helps Louisburg expand Hometown Heroes program

Dee Young raised a welding helmet to examine her handiwork on a Monday night in early March. Young and several other members of Fort Scott Community College’s night welding class on the Paola campus are playing a key role in the expansion of the Hometown Heroes banner program in Louisburg. The program began last fall and quickly sold all 44 banner spots on light poles in downtown Louisburg, organizers said. Because of the program’s popularity more banners are being added for 2022. To accommodate the overflow, most of those banners will be displayed on flag holders in the green space between City Hall and Fox Hall during the weeks surrounding Memorial Day and Veterans Day through May 2023, organizers said.
Source: The Miami County Republic

2022-04-13T23:53:18-05:00April 13, 2022|News|

Manhattan OK with city employee pay increases recommended in salary study

The Manhattan city government appears ready to move forward with raises for its employees after commissioners on Tuesday gave their informal OK. Based on a consultant’s recommendation, city administrators support giving raises to 77% of city government employees, which would cost $2.1 million in additional annual spending. The city hired Allen Gibbs Houlik (AGH) of Wichita to conduct a total rewards study to examine compensation for Manhattan government employees compared to other private and government agencies in the area. Based on a new classification system, market data, employee tenure and job performance, AGH said 23% of employees would have no adjustment, 24% would receive up to a 10% pay increase, 28% would get a 11% to 20% raise, and 12% each would receive a 21% to 25% increase or a 25% or greater increase.
Source: themercury.com

2022-04-14T07:10:32-05:00April 13, 2022|News|

Fed’s Waller sees likelihood of multiple half-point interest rate hikes ahead

Getting inflation under control will require raising interest rates at a faster pace than normal even though the pace of price increases probably has peaked, Federal Reserve Governor Christopher Waller said Wednesday. That means the central bank likely will hike short-term rates by half a percentage point, or 50 basis points, at its meeting in May, and possibly follow it up with similar moves in the next several months, Waller told CNBC. The Fed normally increases in 25-basis-point increments. “I think the data has come in exactly to support that step of policy action if the committee chooses to do so, and gives us the basis for doing it,” he said during a live “Closing Bell” interview with CNBC’s Sara Eisen. “I prefer a front-loading approach, so a 50-basis-point hike in May would be consistent with that, and possibly more in June and July.”
Source: CNBC – Bonds

2022-04-13T23:34:06-05:00April 13, 2022|News|

Wichita Eagle Commentary: When Wichita stadium STAR bonds fall short, guess who pays

Sales Tax and Revenue Bonds — better known as STAR Bonds — are public debt issued by the city, to get public money to pay for private development projects. That bond debt has to be paid back. The loan is supposed to be paid off using sales tax money generated by the new development. But things go wrong. And when they do, it’s taxpayers who end up paying. STAR bond debt is tricky, because you can’t easily find the numbers. Let’s look at the new Wichita baseball stadium and its $42 million in STAR Bonds.
Source: Wichita Eagle

2022-04-14T07:14:37-05:00April 13, 2022|News|

USDA Invests $2.55 Million to Support Rural Health Care Providers in Kansas

U.S. Department of Agriculture (USDA) Acting State Director for Rural Development Kansas Dan Fischer today announced the awarding of $2.55 million in Emergency Rural Health Care Grants, benefitting 10 communities in rural Kansas. “The USDA mobilized our staff and resources to respond rapidly to the COVID-19 needs of rural health care providers in Kansas,” Fischer said. “USDA is helping to insure rural health care providers stay strong during the pandemic and will remain strong in the future.” The grants the USDA is awarding will help rural hospitals and health care providers implement telehealth and nutrition assistance programs, increase staffing to administer COVID-19 vaccines and testing, build or renovate facilities and purchase medical supplies.

The Kansas communities receiving grant funding are:

  • Cheyenne County Public Building Commission will receive a $54,200 grant to use toward the purchase and installation of flooring and equipment to help prevent the spread of COVID-19 in the Saint Francis skilled nursing facility. The facility’s flooring and dining furniture cannot withstand the Center for Disease Control and Prevention’s new required cleaning and sanitizing standards. The project will replace over 9,000 square feet of carpet and laminate flooring and purchase new dining room tables and chairs.
  • Cloud County Health Center will receive a $369,600 grant to use toward the purchase of a Magnetic Resonance Imaging machine. An on-site MRI service will provide faster diagnosis and treatment, improving the quality of care.
  • Winfield Rest Haven Inc. will receive a $307,600 grant to use toward reimbursing Winfield Rest Haven Inc. for lost revenues suffered during the COVID-19 pandemic. Winfield Rest Haven, a skilled nursing home, is open to all residents regardless of their ability to pay. The COVID-19 pandemic greatly reduced operating revenue to the facility.
  • Atchison Hospital Association will receive a $414,800 grant to use toward reimbursing Atchison Hospital Association, Amberwell Health, for lost revenue in 2020 due to the COVID-19 pandemic. This facility provides in-patient, out-patient, emergency care and physician services to patients in the county and surrounding areas.
  • Neosho Memorial Regional Medical Center will receive a $434,300 grant to use toward the purchase and installation of telehealth infrastructure and upgrade health information systems to Neosho Memorial Regional Medical Center. The critical access hospital has faced unprecedented challenges related to the COVID-19 pandemic.
  • Sumner County Hospital District #1 will receive a $91,100 grant to use toward the purchase of equipment and supplies to replace what was used during the COVID-19 pandemic, increase telehealth capabilities, purchase additional equipment to continue serving COVID-19 patients and provide vaccinations and testing at this Caldwell This project will allow the only hospital in Sumner County to continue providing health care protection and treatment for the COVID-19 pandemic and increase telehealth services.
  • Prairie Sunset Home Inc. will receive a $74,600 grant to use toward reimbursing Prairie Sunset Home Inc., a skilled nursing home, for lost revenues from 2020 and 2021. The investment will also purchase supplies and equipment and improve information technology and telehealth capabilities to help the facility in its continued fight over COVID-19. This facility provides services to residents in a very small community and parts of Reno County.
  • Coffeyville Regional Medical Center Inc. will receive a $657,700 grant to use toward purchasing medical equipment, medical vehicles and a pharmacy storage system to prevent the spread of COVID-19 and support the hospital’s COVID-19 response in rural southeast Kansas.
  • Frankfort Community Care Home will receive a $69,600 grant to use toward the reimbursement of lost revenues that took place during the COVID-19 pandemic.
  • Sherman County Public Building Commission will receive an $83,100 grant to use toward purchasing equipment to help prevent the spread of COVID-19 and improve the quality of life for their residents. The purchase includes a digital screening system, air filtration machines and ceiling hoists for Topside Manor, the only facility of its kind in Goodland.
2022-04-13T14:04:01-05:00April 13, 2022|News|

Playground turns into ninja course

This spring, the dream of a new “ninja warrior” style obstacle course became a reality. Five years ago, the sixth-grade student government organization at Inman Elementary School proposed getting playground equipment similar to the television show “American Ninja Warrior.” Fundraisers, such as the school’s field day and color run, were held for years to raise the funds to purchase the equipment. After $84,000 was collected, the school started making plans.
Source: Hutch News

2022-04-13T07:27:02-05:00April 13, 2022|News|
Go to Top