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Consultant: proposed KTA interchange could spur development but won’t fully pay for itself
Summary
A consultant presented to Topeka's public‑works committee estimates that a new KTA interchange at 20th/9th & California could generate development worth roughly $63 million over time but that projected tax revenues would not be sufficient to fully bond the estimated $18–19 million construction cost.
A consultant presented to the Topeka public‑works/PI committee that a proposed Kansas Turnpike Authority (KTA) interchange at 20th/9th and California could create development opportunities but would not generate enough tax revenue on its own to fully finance construction.
"If this development program was built today, it'd be worth about $63,000,000," said Andy Feaster, principal with Development Strategies, describing the consultant's baseline market scenario. He said that development could translate to roughly $1,700,000 in annual property tax revenue and about $1,800,000 in annual sales tax from retail and hotel uses, but those revenues would be phased over about 25 years.
Feaster said the study modeled two scenarios: a "market likely" case (development that would…
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