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Kansas funds $540M Mattel park with $175M in STAR bonds, aiming for economic growth despite debt concerns.
Kansas is funding a $540 million Mattel Adventure Park in Bonner Springs with $175 million in STAR bonds, a state tax incentive program, to boost local economic development.
The park, featuring Barbie and Hot Wheels attractions, aims to nearly double the city’s taxable property value and generate $190 million in annual revenue.
Construction may begin in 2027, with an opening planned for 2031, near the new Chiefs stadium.
While officials project significant tax and job growth, public finance experts warn STAR bonds create long-term state debt and may reduce future sales tax revenue, raising concerns about financial risk despite past successes with similar projects.
Kansas financia $540M Mattel park con $175M en bonos STAR, con el objetivo de crecimiento económico a pesar de las preocupaciones por la deuda.