Avenue 80
Location: 80th & Metcalf (Downtown Overland Park)
Type: Tax increment financing
Economic Development Investments
Types of Economic Development Investment Tools
Tax Increment Financing
Tax increment financing is an economic development tool which pledges future incremental increases in property taxes to finance the current improvements which will result in those gains. TIF is designed to channel funding toward improvements in areas where development or redevelopment may not otherwise occur.
Visit the interactive dashboard to learn more about Tax Increment Financing and details about the projects the city supports.
Transportation Development Districts
A transportation development district enables an additional sales tax or a property tax special assessment to be charged within the district.
The proceeds from this additional tax or assessment are to be used for repayment of TDD eligible project costs.
According to Kansas law, a TDD tax or special assessment can only be used on costs that are for transportation related projects or infrastructure. This may include roads, traffic signals, parking lots, sidewalks, and related utility relocation.
Projects may be funded by the use of special obligation bonds or on a pay-as-you-go basis.
Community Improvement Districts
Community improvement districts allow an additional sales tax or a special assessment to be charged within the district. The proceeds from this additional tax or assessment are used to finance CID-eligible project costs.
According to Kansas law, a CID tax or special assessment can be used to fund capital improvements, infrastructure, and certain operational costs.
Projects may be funded by the use of special obligation bonds, full faith and credit bonds, or on a pay-as-you-go basis.
Sales Tax Revenue Bonds
Sales Tax Revenue Bonds, also known as STAR bonds, provide 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 approved through the Kansas Department of Commerce.
Active Economic Development Investment Areas
The following cards show details of each economic development investment area in Overland Park.
Avenue 82
Location: 82nd & Metcalf (Downtown Overland Park)
Type: Tax increment financing
Bluhawk Development
Location: Southwest corner of 159th and U.S. 69
Type: Transportation development district
Value: One-cent sales tax
Type: Community improvement district
Value: Half-cent sales tax
Brookridge
Location: 103rd & Antioch
Type: Tax increment financing
Central Square/Shamrock
Location: 95th & Metcalf
Type: Tax increment financing
Cherokee South Shopping Center
Location: Southwest corner of 95th and Antioch
Type: Tax increment financing
Corbin Park Shopping Center
Location: Southeast corner of 135th and Metcalf
Type: Transportation development district and community improvement district
Value: 1.5-cent sales tax
Deer Creek Woods
Location: Northwest corner of 135th and Metcalf
Type: Transportation development district
Value: One-cent sales tax
Edison District
Location: Southwest corner of 80th and Marty
Type: Community improvement district
Value: Two cent sales tax
Type: Tax increment financing
Hawthorne Plaza
Location: Southwest corner of 119th and Roe
Type: Community improvement district
Value: One-cent sales tax
Highlands Village
Location: 107th between Nall and Roe
Type: Transportation development district
Value: One-cent sales tax
InterUrban Lofts
Location: Downtown Overland Park
Type: Tax increment financing
Jack Stack
Location: 9000 W 137th Street
Type: Community improvement district
Value: One-cent sales tax
Metcalf 108
Location: I-435 & Metcalf
Type: Tax increment financing
Metcalf Crossing
Location: Metcalf & Shawnee Mission Pkwy
Type: Tax increment financing
Mission Farms West
Location: Northwest corner of Mission Road and I-435
Type: Transportation development district
Value: One-cent sales tax
Nall Hills
Location: Southwest corner of 95th and Nall
Type: Community improvement district
Value: One-cent sales tax
Oak Park Mall
Location: Southeast corner of 95th and Quivira
Type: Transportation development district
Value: Half-cent sales tax
Prairiefire
Location: Southwest corner of 135th and Nall
Type: STAR bonds and community improvement district
Value: 1.5-cent sales tax for CID
Promontory
Location: Northeast corner of 91st and Metcalf
Type: Community improvement district
Value: One-cent sales tax
Type: Tax increment financing
Quivira 95 Shops
Location: Northeast corner of 95th and Quivira
Type: Community improvement district
Value: One-cent sales tax
Ranchmart South
Location: Southeast corner of 95th and Mission Road
Type: Community improvement district
Value: One-cent sales tax
Regency Park Shopping Center
Location: Northwest corner of 93rd and Metcalf
Type: Community improvement district
Value: One-cent sales tax
Southeast Corner of 91st and Metcalf
Type: Community improvement district
Value: One-cent sales tax
The Vue
Location: Southeast corner of 80th and Marty
Type: Community improvement district
Value: One-cent sales tax
Type: Tax increment financing
Valley View Shopping Center
Location: Southeast corner of 95th and Antioch
Type: Tax increment financing
West Park Shopping Center
Location: Northeast corner of 87th and Farley
Type: Community improvement district
Value: One-cent sales tax
Map
Use the map below to locate active economic development investment areas geographically. Enter an address to search or click and drag to find an area on the map.
Related Links
Kansas Tax Rate Locator
See information on local taxing jurisdictions and tax rates for all addresses in the state of Kansas.