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A public hearing will be held Oct. 26, 2021 at 6:30 p.m. on a request to expand the current STAR bond district.
The Final Phase of STAR bonds in Derby is proposed for consideration by the City Council and the Kansas Department of Commerce. Kansas statutes governing STAR bonds require a process of notifications, publications, studies and public hearings. See Resolution 06-2021. The first step was a City Council presentation on Sept. 14 and scheduling of a public hearing for Oct. 26 at 6:30 p.m.
Derby Destination Development, LLC is proposing expansion of the district to add 43 acres east of Amber Ridge St and north of Tall Tree Rd. See map. If approved, construction of a family entertainment and multi-sport area would include:
The STAR bond program is a public/private partnership to use some of the state and local sales tax revenue generated within the district to facilitate development of attractions and related infrastructure (streets, water lines, etc.) that draw visitors to the area.
Also, city transient guest tax revenue (paid by people who stay overnight in Derby hotels) is used to pay for construction of the attractions. All businesses in the STAR bond district pay property taxes and income taxes. The expansion proposal would not increase sales tax or any other tax. No incentives other than STAR bonds are being proposed or considered, nor have any been approved for development of past attractions (Field Station: Dinosaurs and Derby Sports Zone).
Anyone wanting more information may contact the Derby City Clerk at email@example.com or 316-788-3132.