KCK Mattel theme park plan moves forward as Bonner Springs OKs use of major incentive [Yahoo! Finance]
Mattel, Inc. (MAT)
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Source: Yahoo! Finance
council members on Monday approved the creation of a STAR bond district for the proposed project area near the Kansas Speedway. Developers are proposing a nearly $500 million, 183-acre tourist hub at 118th Street and State Avenue dubbed Destination KCK. The Mattel theme park will anchor the project, along with three hotels, a retail center and other attractions. Roughly 50 members of the public sat in on the first hearing since details of the theme park were announced last month. The City Council unanimously supported a measure that sets the boundaries of the district where STAR bonds would be applied. Short for sales tax revenue bonds, the state-run bond program is a powerful incentive tool that provides upfront capital to developers for major projects aimed at bringing tourists to the state. Lawyers representing the interests of the city and the developer, Epic Resort Destinations, described the vote as an early step on a long road toward final approval. Finer details, includi
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MAT
Earnings
- 4/23/24 - Beat
MAT
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- MAT's page on the SEC website