STAR BOND FEASIBILITY STUDY September 2020
STAR BOND FEASIBILITY STUDY September 2020 Village East Project District Project Areas 1, 2A, 2B, 3, 4 and 5 State Avenue and Interstate 435 Kansas City, Kansas 58533535.2 72851738.5 74663735.4 CANYON RESEARCH SOUTHWEST, INC. COMMERCIAL REAL ESTATE RESEARCH AND ANALYSIS STAR BOND FEASIBILITY STUDY VILLAGE EAST PROJECT DISTRICT PROJECT AREAS 1, 2A, 2B, 3, 4 and 5 STATE AVENUE AND INTERSTATE 435 KANSAS CITY, KANSAS September 2020 Prepared for: Homefield, LLC 411 Nichols Road, Suite 225 Kansas City, MO 64112 Prepared by: Canyon Research Southwest, Inc. 475 Ellicott Street #301 Buffalo, NY 14203 PR# 20-08-02 475 ELLICOTT STREET, SUITE 301 / BUFFALO, NY 14203 / (716) 327-5576 CANYON RESEARCH SOUTHWEST, INC. COMMERCIAL REAL ESTATE RESEARCH AND ANALYSIS September 1, 2020 Robb Heineman Homefield, LLC 411 Nichols Road, Suite 225 Kansas City, MO 64112 RE: STAR Bond Feasibility Study Village East Project District; Kansas City, Kansas Mr. Heineman: In 2005, the Kansas Department of Commerce approved the allocation of STAR bonds for a 380- acre STAR Bond District (with a single coterminous project area) located on the east side of Interstate 435 between the State Avenue and Parallel Parkway interchanges in Kansas City, Kansas. The Village East Project District (the “Project District”) is designed as a tourism-based mixed-use development. The initial phase of the Project District involved construction of the 65- acre Schlitterbahn Kansas City water park which opened in summer 2009. In August 2014, the Village East Project District was expanded to include an additional 126 acres. The Project District includes six separate project areas which include the existing Schlitterbahn Waterpark Kansas City, the U.S.
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