Developer pursues $27 million soccer, retail and hotel project in Olathe

Olathe may be the next city in the area to get a new soccer complex with developer Michael Christie pitching a $27 million project to city officials this week.

Christie, a developer with Ridgeview Equities in Lenexa, has a plan to build nine soccer fields, roughly 27,000 square feet of new retail and a 120-room hotel on 96 acres southwest of Ridgeview Road and Kansas 10.

If it comes to pass, Christie’s project would add to the area’s supply of real estate developments anchored by outdoor soccer fields.

The Olathe City Council on Tuesday will discuss a pre-development agreement with Christie and Ridgeview Equities. That agreement would have Christie covering the city’s costs to evaluate the project and its request for public financial assistance.

Christie will request a combination of tax increment financing, industrial revenue bonds and a community improvement district to help pay for certain project costs.

(Read more: KC Star Local News)