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Overland Park directs staff to negotiate property‑tax rebate for Fiserv regional hub, council approves agreement framework
Summary
The council directed staff to prepare a property tax rebate agreement to support Fiserv’s regional hub (Project Turtle), a plan to refurbish existing office space and bring an estimated 2,000 jobs and $125–$175 million in investment to Overland Park.
The Overland Park City Council on April 21 voted to direct staff to prepare a property‑tax rebate agreement for Project Turtle, the city’s working name for a planned Fiserv regional hub to locate in existing office buildings in the city.
City staff and council members said Fiserv intends to invest between $125 million and $175 million to renovate two buildings on the campus and to bring about 2,000 jobs with an average annual salary of roughly $125,000. The staff report presented a proposed structure that would return an estimated $1.3 million in city property‑tax revenue over a 10‑year period to Fiserv as a rebate; staff said the total rebate…
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