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OP planning commission to discuss using STAR Bonds to help pay for Bluhawk project

Posted at 6:13 AM, Oct 29, 2018
and last updated 2018-10-29 08:29:41-04

OVERLAND PARK, Kan. — Plans continue to move forward to build a multi-sport arena and space museum in Overland Park. Monday, city leaders will meet with the developers of Bluhawk to discuss paying for the project.    

The developers, Price Brothers, will pay for the vast majority of the $730 million project. The plan to be discussed Monday calls for applying for $63 million upfront from the state in the form of a STAR Bond.
The state of Kansas reserves those types of bonds to help pay for tourism destinations.

The Bluhawk development includes a satellite location, or offshoot of Hutchinson's Cosmosphere Museum, a multi-sports arena and complex. All of which are destinations the developer says will attract tourism and help generate a positive economic impact.

Bluhawk will add hotels, offices and retail outlet stores. The developers say this project would create more than 1,000 construction jobs and leave behind another 1,000 full-time permanent jobs.

Other parts of the Bluhawk project are under construction near 159th Street and Antioch Road. 

The Overland Park planning commission will review the request to move forward with the STAR Bond application during a meeting at 3:30 Monday afternoon. It will send a recommendation to the full city council next month for final approval.