Olathe TIF's

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mgsports
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Olathe TIF's

Post by mgsports »

Sani
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Re: Olathe TIF's

Post by Sani »

You have the same link for both. I think the second one is supposed to be this one, if you're referring to the project for a C-store at 167th and Mur-Len: https://olatheks.legistar.com/Legislati ... s=&Search=

The Olathe Gateway project area seems far too small for an "amusement park" of any note to be built there. Are they going to put a carousel in the middle of a strip mall and call it an "attraction" just to get STAR bonds approved?
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Re: Olathe TIF's

Post by mgsports »

Sani wrote: Sun Aug 04, 2024 7:22 pm You have the same link for both. I think the second one is supposed to be this one, if you're referring to the project for a C-store at 167th and Mur-Len: https://olatheks.legistar.com/Legislati ... s=&Search= Mur-Len Road and Santa Fe.

The Olathe Gateway project area seems far too small for an "amusement park" of any note to be built there. Are they going to put a carousel in the middle of a strip mall and call it an "attraction" just to get STAR bonds approved?
Where Car Dearlership is maybe.
Sani
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Re: Olathe TIF's

Post by Sani »

You mean the Subaru dealer that's been open for all of six months?
mgsports
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Re: Olathe TIF's

Post by mgsports »

Sani wrote: Mon Aug 05, 2024 7:48 pm You mean the Subaru dealer that's been open for all of six months?
Yes that property but no empty space because also Building Supply Company near by.
Rusty Irish
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Re: Olathe TIF's

Post by Rusty Irish »

Another sports complex and funded with STAR bonds? :lol:

I get that JoCo has lots of families willing to burn cash on youth sports but they are literally cannibalizing themselves at this point. STAR bonds for dollar stores the way it's going.
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Re: Olathe TIF's

Post by mgsports »

Might not be youth could be for Minor Leagues.
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Re: Olathe TIF's

Post by mgsports »

Okay both TIF's are on Agenda again on Tuesday coming up.
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Re: Olathe TIF's

Post by Sani »

Image

From the Johnson County Post:
Olathe moves ahead with STAR bond district for ‘ultra-accessible’ amusement park, sports arena
Loretto Properties’ plan to build an “ultra-accessible” special incentive district featuring an amusement park, a 5,000-seat multisport complex, housing, retail, dining and a medical facility for individuals with disabilities easily cleared its first hurdle this week.

The company — run by Lamar Hunt Jr. and his son-in-law James Arkell — has requested a Sales Tax and Revenue, or STAR, bond district.

The total estimate for the price tag of the first planned phase of development at the southwest corner of 119th Street and Renner Boulevard covering about 64 acres costs about $300 million. An official amount has yet to be set, but Arkell estimated in an interview with the Post the project would request about $54 million through the incentive.

The Olathe City Council on Tuesday voted 6-0 to start the process of establishing a STAR bond district comprising roughly 132 acres in the area known as Olathe Gateway.
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Chris Stritzel
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Re: Olathe TIF's

Post by Chris Stritzel »

An amusement park just for cars. Sweet
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GRID
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Re: Olathe TIF's

Post by GRID »

Aren't the Hunts some of the wealthiest people around? Some day the ultra rich in America will build shit like this on their own dime.
mgsports
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Re: Olathe TIF's

Post by mgsports »

The Olathe City Council approved the initial steps to establish a STAR bond district, which could grant about $54 million in incentives. Image courtesy of Google Maps


Loretto Properties’ plan to create an “ultra-accessible” special incentive district in Olathe has passed an important milestone. The proposed $300 million development at 119th Street and Renner Boulevard includes an amusement park, a 5,000-seat multisport complex, housing, retail, dining, and a medical facility for individuals with disabilities.


The ambitious project, led by Lamar Hunt Jr. and James Arkell, aims to make the district fully accessible and include features such as Michael’s Wonder World, an amusement park inspired by Arkell's son, and a multi-sport arena with flexible use options. With an estimated 725,000 annual visitors and projected gross sales of $145 million, the development is set to enhance both local and regional tourism. Construction is expected to be completed by 2026, with additional steps required for formal approvals and agreements in the coming
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Re: Olathe TIF's

Post by kcjak »

The 'amusement park' in the image looks more like an accessible playground.
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Re: Olathe TIF's

Post by Rusty Irish »

Another minor league hockey rink surrounded by Starbucks, Panera and Price Chopper. If they are really lucky they'll get some high end fast casual like Cava!

Same shite different day. Just baffling this crap gets getting huge subsidies.
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Re: Olathe TIF's

Post by dukuboy1 »

good luck to the developers and Olathe. For one I'm happy they are using their star bonds for stuff like this and perhaps less attention to drawing businesses and sports teams from the MO side tot he KS side :P

Regardless what you may feel about suburban developments they do help boost the overall Metro's economy and creates construction jobs and other jobs to fill the businesses going in. That helps brings more residents to the Metro. So for some of us this doesn't move the needle but it is useful overall.

I like the idea of having a unique asset in the Theme Park catering to those with disabilities. I read the piece and the concept of having rides & attractions that you can enjoy while in a wheelchair is interesting. Plus the creation of healthcare & social services in one office park/building will be very helpful for those who utilize the services. The development certainly has a main theme for sure and that theme is a solid niche, that I am sure will be widely used & very successful for those in the region that will really appreciate the focus on children with special needs.
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Re: Olathe TIF's

Post by mgsports »

Rusty Irish wrote: Thu Sep 19, 2024 9:07 am Another minor league hockey rink surrounded by Starbucks, Panera and Price Chopper. If they are really lucky they'll get some high end fast casual like Cava!

Same shite different day. Just baffling this crap gets getting huge subsidies.
No Price Chopper on 119t Street in Olathe.
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