March 27, 2005 – Finding a New Home in Hays Kansas
An incentive package agreed upon between the city and the developer Christie Development Associates, LLC of Overland Park to bring Home Depot to Hays was two-fold and totaled $3.6 million.
The first component of the package was a transportation development district bond issued temporarily by the city in the amount of $1.4 million.
The TDD bonds are to be used for the development of road infrastructure leading to the 30-plus-acre development site. This includes the construction of two streets leading to the development, Sherman Avenue and General Hays Road.
The second of its kind issued in Kansas, the TDD bonds, according to City Manager Randy Gustafson, are unconditionally guaranteed by Home Depot.
The development will showcase Home Depot as the major draw and will eventually include one other “big box” store and possibly four other retail stores.
Read the full article at The Hays Daily News