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Council approves Champtown Star Bond project plan after public hearing and 8–1 vote
Summary
After a public hearing, the Park City Council approved an ordinance adopting the Champtown Star Bond project plan, authorizing a process that could allow up to $145 million in STAR bond-backed incentives and set a multi‑phase timetable for design, interim financing and construction.
Park City Council on Aug. 26 approved an ordinance adopting the Champtown Star Bond project plan, clearing a key procedural step that moves the 155-acre Champtown development toward state review and future financing. The vote on Ordinance 12 16 20 25 passed by roll call, eight in favor and one opposed.
The council’s action followed a multi-hour presentation by the developer team and the city’s bond counsel, and a public hearing in which proponents and several neighbors spoke for and against the plan. The project plan lays out an entertainment-focused mixed‑use development that the developer estimates will total about $519 million in capital investment, with roughly $145 million requested as STAR-bond-eligible costs and an ultimate STAR-bond request of up to $145 million subject to state approval.
Garth Herman, bond counsel with Gilmore & Bell, told the council the plan and the procedural steps were coordinated with the Kansas Department of Commerce and that the department had given informal approval ahead of final action. Todd LaSalle of the…
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