Two proposed sports complexes both push for STAR bonds

One proposed project, at the intersection of K-96 and Greenwich Road, is anchored by the Fieldhouse, a multisport athletic complex meant to attract youth sports competitions.

Staff Wichita Business Journal

Two similar-sounding project proposals, one in northeast Wichita and one in Bel Aire, are both seeking a tax incentive known as STAR bonds, though some observers wonder whether it makes sense to incentivize both, KWCH News reports.

STAR bonds allow certain development costs to be funded with sales tax revenue collected in the STAR bond district.

One proposed project, at the intersection of K-96 and Greenwich Road, is anchored by the Fieldhouse, a multisport athletic complex meant to attract youth sports competitions. It also is meant to include hotels, retail and a water park. The Wichita City Council has approved creating a STAR bond district in the area, and on Tuesday it will hold a public hearing about approval of a detailed project plan.

Meanwhile in Bel Aire, KWCH reports, developers want to establish a site called the Kansas Sports Academy, with 17 full-size basketball courts, 25 volleyball courts and room for outdoor volleyball. They said a STAR bond proposal is in the works.

Separately, developers are seeking STAR bonds for an athletic complex in Goddard that they say they might like to turn into an Olympic training facility.

Source: http://feeds.bizjournals.com/~r/bizj_wichita/~3/c0J94qoljBI/two-proposed-sports-complexes-both.html

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