STAR Bond

What is a STAR Bond?

Sales Tax Revenue (STAR) Bonds provide Kansas municipalities the opportunity to issue bonds to finance the development of major commercial, entertainment, and tourism areas and use the sales tax revenue generated by the development to pay off the bonds.  STAR Bonds are reserved for large scale projects that are “characterized as a statewide and regional destination, and include a high quality innovative entertainment and tourism attraction."

According to the "50/50 Rule," STAR Bonds must generate at least $50 million in taxable sales revenue and a minimum $50 million in improvements, such as buildings and facilities which generate property tax revenue for the City, County, and School District.

It is important to note that the City of Goddard keeps its portion of any and all current and new sales tax revenue generated outside of the district within Goddard.  For more information regarding STAR Bonds, please click HERE.

Goddard's STAR Bond

The City of Goddard's STAR Bond will include the construction of a 150-room Class A hotel with a conference facility, an Olympic Quality Swimming Complex operated by the International Swimming Hall of Fame, baseball/softball fields, as well as retail, commerce, dining, and more!

For information on staff presentations for key action items such as the project plan public hearing, development agreement and amendments, project infrastructure items items, please click HERE.

STAR Bond Document Links

Affidavit of Publication - Ordinance #736 - December 2012

Affidavit of Publication - Resolution #12-14 - December 2012

District STAR Bond Project Approval - January 2013

STAR Bond Financing & Project Plan - September 2013 

State STAR Bond Project Approval - May 2014

Affidavit of Publication - Community Improvement District (CID) Resolution - August 2014

Market Analysis and Development Agreements 

Goddard STAR Bond Development Agreement

First Amendment of Development Agreement - December 15, 2014

Second Amendment of Development Agreement - March 16, 2015

Third Amendment of Development Agreement - March 21, 2016

Fourth Amendment of Development Agreement - December 4, 2017

STAR Bond News Links 

Goddard Sports Complex Envisioned as Possible Complement to Northeast Project - Wichita Business Journal - November 13, 2012

Goddard Approves Bonds for Big Sports Complex - Hays Post - April 22, 2014

STAR Bond Tool Used for Major Projects - Garden City Telegram - November 6, 2014

Ground Broken for Multi-Million Dollar Hotel and Sports Center - Times-Sentinel - January 21, 2015

Work on Goddard Aquatic Center and Hotel to Begin This Spring - Wichita Eagle - March 17, 2015

Goddard to Break Ground on New Hotel and Aquatic Center - KSN - March 17, 2015

Construction to Begin Soon on Goddard Hotel, Aquatics Center - Wichita Business Journal - July 29, 2015

Construction Starting on Goddard STAR Bond Project - Wichita Business Journal - January 14, 2016

Goddard breaks ground on new hotel and aquatic center in STAR bond district - KSN - January 14, 2016

Developers working to overcome 'obstacles' for Goddard STAR bond work - Wichita Business Journal - October 14, 2016

Goddard Sports and Hotel Complex Could Break Ground Within a Month - Wichita Eagle - March 22, 2017

Goddard Sports and Hotel Complex Financing Still Not Finalized - Wichita Eagle - July 26, 2017

Goddard Aquatic Complex to Have New Subdeveloper, Slightly Amended Plans - Wichita Eagle - October 20, 2017

Goddard STAR Bond Development Back on Track - Wichita Business Journal - December 8, 2017

Developer Out of Goddard STAR Bond Project - Wichita Business Journal - February 10, 2018

S&O Investments Drops Out of $60 Million Goddard Deal - Wichita Eagle - February 12, 2018

STAR Deal Crashed After Developer Asked for More Incentives - Times-Sentinel - February 13, 2018

New Goddard Aquatic Deal, Possibly Without a Water Park, Is Imminent - February 13, 2018