📰 Newspapers

Kansas sues to halt public funding for $160M lagoon resort still without buildings

Kansas sues to halt public funding for $160M lagoon resort still without buildings

In a significant move, Kansas state officials have filed a lawsuit aimed at halting any further public bond financing for the stalled Derby Shores project, a $160 million lagoon resort. Despite receiving approval four years ago, construction has yet to commence. The suit seeks to prevent new bond payments and mandates a detailed financial report on bonds already issued, raising concerns over taxpayer exposure from…

State officials in Kansas have filed a lawsuit to stop more public bond money from going to Derby Shores, a planned $160 million lagoon resort. The project still has no buildings above ground, four years after it was approved. The Kansas Department of Commerce filed the lawsuit this month in Sedgwick County District Court. It is asking the court to block any more bond payments and require a full account of the $35,285,000 in bonds already sold for the project. "More than four years after the project was approved and bonds were sold, it has not been built," the state said in its court filing. "Announced opening dates have come and gone."The lawsuit names Derby Destination Development, a partnership made up of Dave Murfin, Rick Worner, and Rodney Steven II. Project trustee Security Bank of Kansas City and the city of Derby are also named as defendants, according to The Wichita Eagle. Derby city manager Kiel Mangus said local officials are still reviewing the lawsuit and waiting for the private developers to take action. "It is going to take action by the developer to move things forward," Mangus told The Wichita Eagle. "We haven’t fully been able to evaluate all the things in the suit, so that’s what we’re going through right now," he added.

In brief

State officials in Kansas have filed a lawsuit to stop more public bond money from going to Derby Shores, a planned $160 million lagoon resort. The project still has no buildings above ground, four years after it was approved. Derby city manager Kiel Mangus said local officials are still reviewing the lawsuit and waiting for the private developers to take action.

This is the opening of the story, shared with credit to The Times of India — World. The rest of the report — with every detail — continues on the publisher’s website.

Continue reading at The Times of India — World ↗

Cookie settings

Choose which cookies we may use. You can change this at any time from Cookie settings in the footer. Details of each cookie are in the Cookie Policy.

Strictly necessary

Needed for sign-in, security, payments and remembering these choices. Always on.

Preferences

Remember settings such as dark mode.

Analytics & performance

Help us count visits, understand which pages, devices and countries our readers use, and measure how well the site performs – anonymous and aggregated.

Advertising & marketing

Lets advertising partners show and personalise adverts, measure impressions, clicks and visits, prevent ad fraud and pay us – this is how the free site is funded.

🔔 News notifications

Get headlines from NewsHub on this device — even when the site is closed.

You can switch this off at any time. Works on Android, Windows, Mac and Linux browsers; on iPhone/iPad add the site to your Home Screen first.