Local Government And Development News

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local-government-and-development4.85 min read

Kansas invests millions in Barbie and Hot Wheels theme park via STAR bond

Kansas is investing in a $540 million Mattel Adventure Park in Bonner Springs, funded largely through STAR bonds, which are loans paid back with future sales tax revenue. The project aims to boost local property values and attract visitors, but raises concerns about the state's future financial commitments and the effectiveness of sales tax incentives amid increasing online shopping. Construction could start in 2027, with opening planned for 2031.

20 days ago•Source: KCUR

Southern Illinois Mall Revival Faces Hurdles Despite $112M Bond Deal

local-government-and-development

18.95 min•1 month ago

Southern Illinois Mall Revival Faces Hurdles Despite $112M Bond Deal

A $112 million redevelopment project in Marion, Illinois, aimed at revitalizing a dying mall and boosting the local economy, faces challenges due to the financial troubles and foreclosure of one of the key developers, Jerry Barrass, which could impact the project's future plans. Despite these issues, local officials and remaining partners continue to push forward with the project, which includes entertainment venues, hotels, and attractions designed to attract tourists and create jobs.

via Capitol News Illinois

Tampa Bay Rays in $1.7B Sale Talks with Developer and Investors

local-government-and-development

1.325 min•7 months ago

Tampa Bay Rays in $1.7B Sale Talks with Developer and Investors

via Tampa Bay Times

Featured Local Government And Development Stories

Kansas invests millions in Barbie and Hot Wheels theme park via STAR bond

Southern Illinois Mall Revival Faces Hurdles Despite $112M Bond Deal

Tampa Bay Rays in $1.7B Sale Talks with Developer and Investors

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