Stagnant redevelopment at Topeka racetrack causes bond debt

Heartland Park’s redevelopment project made no progress toward completion during the past several years, a review of its annual reports shows, prompting one senator to say the state has been “duped.”

The Topeka racetrack project’s financial troubles and turbulent history are no secret, but longstanding frustrations have drawn fresh attention as some lawmakers grow weary of the economic development tool used to finance the redevelopment — STAR bonds.

Lawmakers point to the disclosure in recent weeks of a controversial potential STAR bond project to lure a horse show to Kansas.

(Read more: Topeka Capital-Journal)

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