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Marion, Illinois plans STAR bonds to fund mall redevelopment – The Bond Buyer

Summary by WirePoints Illinois Financial News
In a first for the Midwest, a city in southern Illinois plans to use sales tax and revenue bond proceeds to fund a mall redevelopment.

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WirePoints Illinois Financial NewsWirePoints Illinois Financial News

Marion, Illinois plans STAR bonds to fund mall redevelopment – The Bond Buyer

In a first for the Midwest, a city in southern Illinois plans to use sales tax and revenue bond proceeds to fund a mall redevelopment.

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sunflowerstatejournal.comsunflowerstatejournal.com

Senate moves to expand STAR bonds incentives

The Kansas Senate approved a bill late Wednesday expanding one of the state's most powerful tax incentives to help save dying malls. The bill would allow sales tax revenue - or STAR - bonds to be used for redevelopment of malls that are at least half empty. It would require a minimum $10 million investment. Lawmakers said the expansion was tied to an effort to redevelop Towne West Square in Wichita. The bill, which extends the incentive for thre…

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WirePoints Illinois Financial News broke the news in on Thursday, February 20, 2025.
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