Bluhawk developer seeks funding guarantees with work on multi-sports complex on horizon

Overland Park’s Finance, Administration and Economic Development Committee approved a request from developers to guarantee a portion of some of the Bluhawk development project’s Phase 2 funding. Developers made the request, they said, to help ensure the project keeps running as planned if the city or state fails to issue bonds later. Image courtesy of Bluhawk website

An Overland Park City Council committee voted Wednesday to guarantee some funding for the Bluhawk development project‘s second phase after developers asked for the provision in case some city or state bond funding doesn’t come through. 

As part of the request, Price Brothers asked the city for access to $6.9 million in Community Improvement District reimbursements, which is required to fund retail development under the development agreement.