This website is best viewed in a browser that supports web standards.

Skip to content or, if you would rather, Skip to navigation.

Listen Live
Donate
MARYVILLE

KXCV-KRNW


News Brief

Sept. 1, 2021Topeka, Kan. |  By: AP

Projects financed with STAR bonds not meeting benchmarks

funding

TOPEKA, Kan. (AP) - A new state audit found that few projects financed with STAR bonds are meeting requirements for bringing visitors and money into Kansas. The audit from the Legislature's auditing arm was released Monday.

Auditors found that only three of the 16 attractions they reviewed met tourism goals by bringing in a significant percentage of visitors from other states.

STAR bonds allow municipalities to issue bonds to finance major developments, which are paid through sales tax revenue generated by the project.

Among the projects not meeting the benchmarks is the Kansas Speedway in Kansas City, Kansas, including the soccer stadium, strip mall, water park and business complex that surrounds it.