News Flash

City of Derby News Releases

Posted on: October 29, 2021

STAR Bonds Final Phase

Star bond Icon

A public hearing will be held on a date to be announced in 2022. (This meeting was originally rescheduled for Dec. 14 but the meeting was recessed early due to a medical emergency). 

The Final Phase of STAR bonds in Derby is proposed for consideration by the City Council and the Kansas Department of Commerce. Kansas statutes governing STAR bonds require a process of notifications, publications, studies and public hearings. The first step was a City Council presentation on Sept. 14 and then a public hearing on Oct. 26. The second public hearing about the proposed Project Plan will be held in 2022 (date TBA). 

Derby Destination Development, LLC is proposing family-friendly outdoor adventure attractions east of Amber Ridge St and north of Tall Tree Rd. See map. If approved, construction of a family entertainment and multi-sport area would include:

  • Man-made public access lagoon with beach activities (scuba diving, wind surfing, snorkeling and other water sports), aerial park and indoor and outdoor event venues.
  • 6 acre glamping site, offering glamorous camping on permanent platforms with amenities such as running water, plumbing, electricity, etc.
  • 150 room hotel, offering exclusive beach access and indoor pool.
  • Approximately 300 apartment units.
  • Retail, restaurants, and other commercial uses.
  • Approximately $166M capital investment, most of which is private capital.

The STAR bond program is a public/private partnership to use some of the state and local sales tax revenue generated within the district to facilitate development of attractions and related infrastructure (streets, water lines, etc.) that draw visitors to the area. 

Also, city transient guest tax revenue (paid by people who stay overnight in Derby hotels) is used to pay for construction of the outdoor adventure attractions. All businesses in the STAR bond district pay property taxes and income taxes. The expansion proposal would not increase sales tax or any other tax. No incentives other than STAR bonds are being proposed or considered, nor have any been approved for development of other attractions (Field Station: Dinosaurs, Derby Sports Zone or the climbing and BMX attractions approved for construction in 2022). 

Anyone wanting more information may contact the Derby City Clerk at cityclerk@derbyweb.com or 316-788-3132. 

Additional Info...
Facebook Twitter Email

Other News in City of Derby News Releases