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1
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2
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- All or a portion of property taxes are forgiven to a maximum of 10 years
- Kansas Constitution permits abatements for manufacturing, distribution,
research and development activities
- May be provided in conjunction with issuance of industrial revenue
bonds, which adds flexibility to eligibility of tax abatement
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3
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- Several office buildings by Opus Development, each approximately $20 M
and a bit over 100,000 square feet
- IRB financing and 55% abatement
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4
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- 151st Street east of I-35
- Approximately $190 M in industrial revenue bond financing
- 55% tax abatement for 10 years
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5
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- Added valuation associated with a development creates an increment that
can be utilized to fund certain public improvements associated within
the development
- District can be in place up to 20 years
- Incremental taxes are then collected yet segregated into a special fund
to be used to fund certain public improvements associated with the
development.
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6
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- Lenexa project to create mixed use downtown at 87th &
Renner off of I-435
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7
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- Redevelopment project north and south of mall to include mixed use
retail, residential, convention center and Discovery Center
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8
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- Unified Government STAR bond project at I-70 and I-435
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9
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- Bass Pro Shop and associated retail development at 119th and
I-35
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10
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- Property owner can petition the City to place special assessment or
special sales tax
(up to 1%) on a district to fund public transportation-related
infrastructure in the vicinity of the district
- Can fund things such as streets, geometric improvements, signals,
parking garage, utility relocation associated with infrastructure
improvements
- Requires that 100% of the property owners sign a petition
- District can be in place up to 22 years
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11
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- Olathe Pointe TDD 119th & I-35
- 290,000 square feet of out lots, 290,000 square feet of inline shops
- Petition cap $30 M
- Estimated funded cost $12.5 M at full build out
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Notes
