northeast corners of the intersection of North 110th Street and Parallel Parkway in Wyandotte County, Kansas. The American Royal complex is approximately 110 acres within the site. Updates and News. Our Story.
Currently all revenue generated by the American Royal stays in Missouri. Further, the land proposed for the new complex is park land that doesn’t generate tax revenue. Utilizing STAR Bonds to finance part of the project will generate new tax revenue for Kansas that will be used to pay off the bonds over a period of time and will then be revenue for the state general fund.
Sales Tax and Revenue (STAR) Bonds are a financing tool that allows Kansas municipalities to issue bonds to finance the development of major commercial, entertainment and tourism projects. The bonds are paid off through the sales tax revenue generated by the development.
In metropolitan areas, STAR Bonds can be used only for projects with an anticipated capital investment of $50 million and with at least $50 million in projected gross annual sales.
Applications for STAR Bonds are accepted year round.