MCRE, LLC - Henry McClure -

  STAR (Sales Tax and Revenue) bonds in Kansas offer several advantages as an economic development tool, particularly for funding large-scale projects like tourist attractions, entertainment districts, or even professional sports stadiums. Here’s a breakdown of the key benefits based on how they’ve been used and promoted in the state: One major advantage is that they provide upfront financing without directly increasing taxes for residents. The bonds are issued to cover construction costs, and the debt is repaid using sales tax revenue generated by the project itself—think ticket sales, food, merchandise, or shopping in the surrounding area. This means Kansans don’t see a new tax line on their bills unless they choose to spend money at the site. For example, supporters of the program argue that successful projects like the Kansas Speedway or Children’s Mercy Park have paid off their bonds early or on time, boosting local economies without dipping into general state funds. Another b...