In a recent government meeting, officials discussed the creation of a new Star Bond district aimed at fostering significant commercial development in the area. The meeting included a public hearing and the adoption of an ordinance that sets the groundwork for the district's establishment, which is expected to include a multi-sport athletic complex and an amusement park designed to be accessible for disabled visitors.

The proposed district, which has been deemed eligible under the Star Bond Act, is projected to attract a capital investment exceeding $300 million and generate annual gross sales of at least $75 million. This development is anticipated to enhance the region's commercial entertainment and tourism landscape, fulfilling the criteria necessary for Star Bond projects.

The development team, led by Loretto Properties LLC, presented plans that outline two distinct project areas within the district. The first area, located south of 119th Street, is expected to house the main attractions, including an arena with a seating capacity of approximately 5,000 and a hotel with 150 rooms. The second area, north of 119th Street, will also contribute to the overall project but is still in the conceptual phase.

The council's approval is a crucial first step in a multi-phase process that will involve further negotiations and the development of a detailed project plan. While the ordinance does not irrevocably commit the city to issuing Star Bonds, it signals a commitment to move forward with planning and development discussions.

The meeting concluded with a commitment from the development team to return by the end of the year with a more detailed project plan and development agreement, marking a significant step toward realizing this ambitious project.