Olathe council approves up to $257 million taxable industrial revenue bonds for Red Kingfisher LLC (Walmart) facility
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Summary
The council approved Ordinance No. 25‑45 authorizing taxable industrial revenue bonds not to exceed $257,000,000 for Red Kingfisher LLC (Walmart) to complete a 320,000‑square‑foot beef processing and packaging facility; the measure passed unanimously 7–0.
The Olathe City Council on Nov. 4 approved Ordinance No. 25‑45 authorizing issuance of taxable industrial revenue bonds in an amount not to exceed $257,000,000 for Red Kingfisher LLC (identified in the meeting as Walmart). The vote was 7–0.
Council members said the facility — a roughly 320,000‑square‑foot beef processing and packaging plant on approximately 60 acres of a 138‑acre site near the northwest corner of 160th Street and U.S. Highway 169 — is complete and that the ordinance is the final step to issue the bonds. The city earlier expressed intent to issue the bonds in March 2023, staff said at the meeting.
The ordinance was moved and seconded; the city clerk called the roll and recorded unanimous approval.
The council did not discuss further financial details or specific bond terms in the public meeting; staff indicated the action formalizes the city’s previously announced intent to issue bonds for the project.
