Overland Park council approves $200M tax deal for massive Brookridge development

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

OVERLAND PARK, Kan. — The Overland Park City Council narrowly approved the financing plan for a large, controversial redevelopment project near 103rd and Antioch.

It was after midnight Tuesday when council members voted 8-4 in favor of financing the Brookridge project, which has been in the works for nearly 5 years. Overland Park Mayor Carl Gerlach cast the deciding vote, moving the plan ahead 9-4.

On the 140-acre site, developers plan to build apartments, a hotel, office spaces and food and retail businesses on what used to be a golf club at the intersection.

The council approved more than $158 million in tax increment financing and $46.5 million in community improvement district financing.

The TIF agreement means developers will be reimbursed for new property taxes created by the project, up to $158.5 million over 20 years. The CID agreement means all businesses inside the district would charge an additional 1.5% sales tax, with the money again going back to the project.

Previous coverage:

Tracking Coronavirus

More Tracking Coronavirus



More News