A Proven Kansas Approach to Funding Public Infrastructure
How STAR Bonds Work in Practice
STAR Bonds are designed to fund public infrastructure by using new sales tax revenue created by a project, rather than existing tax dollars.
For a project of this scale, the question is not whether infrastructure is needed. It is how that infrastructure is paid for, and by whom.
Private Investment Leads the Way
Projects like this require substantial private investment before they can function at all. Roads, utilities, and site preparation must be built first, long before any sales tax revenue exists.
STAR Bonds allow those upfront infrastructure costs to be financed using future sales tax revenue generated within the project area itself. That revenue does not exist today. It only exists if the project is built and operating.
This structure ties repayment directly to new economic activity, not to existing community resources.
Community Revenue Generated
STAR Bonds are repaid using new sales tax revenue generated within the project area, but the community benefits extend beyond sales tax alone.
Based on the economic analysis for this project:
The 1059 is expected to generate approximately $2.3 million in property tax revenue
Beacon Landing North is expected to generate approximately $4.3 million in property tax revenue
Beacon Landing South is expected to generate approximately $5.9 million in property tax revenue
Together, the projects represent more than $12 million in new property tax revenue once development is complete.
This revenue supports local public services and schools and would not exist without the project moving forward. STAR Bonds do not replace property taxes. They enable the infrastructure that allows long-term tax revenue to be created.
Jobs and Ongoing Economic Activity
The economic impact of this project also includes permanent job creation, not just construction activity.
Based on post-development estimates:
The 1059 supports approximately 114 ongoing jobs
Beacon Landing North supports approximately 294 ongoing jobs
Beacon Landing South supports approximately 245 ongoing jobs
In total, the project supports more than 650 permanent jobs across retail, services, operations, and related employment.
Those jobs contribute to household income, local spending, and long-term economic participation. This activity is what generates the sales tax revenue used to repay STAR Bonds, while also strengthening the regional economy.
Learn More About STAR Bonds
STAR Bonds are a Kansas economic development tool established by the State to support public infrastructure, private investment, and long-term community benefit.
For detailed, statewide information about how STAR Bonds work, eligibility requirements, and oversight, visit the Kansas Department of Commerce.