Legislative auditors say Prairiefire development in ‘danger of default’ on $64.8M in bond debt

Prairiefire

The Kansas Legislature’s auditors say the Prairiefire development in Overland Park financed with $65 million in STAR bonds issued under a state program is in jeopardy of defaulting on debt because it won’t likely retire the bonds in the required 20 years. Image via screen capture/Kansas Department of Commerce report.

By Tim Carpenter

The Overland Park retail, office, hotel and residential development attached to the Prairiefire museum struggles to attract out-of-state tourists and could default on $64.8 million in bond debt issued through a state economic development program under scrutiny by the Legislature.