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Council approves creation of second‑phase CID for Hutchinson Mall redevelopment; developers pledge parking and outward‑facing tenant work
Summary
Rockstep Capital’s phase‑2 plan for Hutchinson Mall will replace the existing 1% CID with a 2% CID after benchmarks are met; council approved an ordinance creating the CID and an amended development agreement. The plan shifts interior mall uses to outward‑facing tenant spaces, resurfaces parking in targeted areas and sets a 22‑year reimbursement,
Hutchinson City Council late May 6 approved an ordinance creating a community improvement district (CID) to support Rockstep Capital’s phase‑2 plan for the Hutchinson Mall and approved an amended development agreement to implement the change.
What the change does The existing 1% CID that covers most mall businesses would remain in place until Rockstep meets agreed benchmarks for outward‑facing tenant space in phase 2. Once the developer achieves the benchmarks required under the amended development agreement, the existing 1% CID would turn off and a 2% CID would begin; the 2% CID would be a pay‑as‑you‑go reimbursement mechanism and would run for a 22‑year term under the developer’s agreement with the city. The parties also confirmed an existing real‑property TIF remains as originally approved and that the sales‑tax TIF term is not being extended.
Developer presentation and city staff explanation Angela Richard, director of finance, explained how CIDs work: businesses collect the extra CID sales tax from…
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