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Committee directs staff to pursue property-tax rebate for ‘Project Turtle’ at Spirit/Esperia campus
Summary
The committee voted unanimously to ask staff to negotiate a 10-year property-tax rebate agreement for a Fortune 500 fintech project called “Project Turtle” to occupy about 420,000 square feet at the Esperia/Spirit campus, with a commitment to employ 2,000 workers by March 15, 2030 and roughly $125 million in tenant improvements.
The Finance, Administration and Economic Development Committee voted unanimously Wednesday to direct city staff to negotiate a 10-year property-tax rebate agreement for a project identified in the selection process as “Project Turtle,” which would lease roughly 420,000 square feet on the Esperia (Spirit) campus and commit to hiring 2,000 full-time employees by March 15, 2030.
The proposal matters because the company — described in the presentation as a Fortune 500, fintech firm — would bring a large office hub and substantial payroll to Overland Park, while reusing existing commercial buildings rather than triggering new construction on greenfield land. Mayor Scug called it “the biggest job creating project that we've worked on in my time,” and city staff said the average annual salary is estimated at $125,000.
City staff and outside consultants told the committee that the tenant improvement estimate for the two…
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