FINANCIAL_SERVICESPENDING

Northpoint Industrial Park IRB Request

Northpoint seeks $250 million IRB authorization increase

$250 million (industrial revenue bonds maximum; $155 million approved in 2019 plus $95 million increase requested)Wyandotte CountyNORTHPOINTMarch 10, 2026

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Description

The Unified Government is reviewing a request from Northpoint to increase Industrial Revenue Bonds for the Turner Logistics Center/Northpoint Industrial Park to a maximum of $250 million to complete three additional industrial buildings. The financing structure includes 10-year property tax abatements with PILOTs and sales tax exemptions on construction, continuing incentives first approved in 2019.

Contract Details

Contract Amount

$250 million (industrial revenue bonds maximum; $155 million approved in 2019 plus $95 million increase requested)

Vendor

NORTHPOINT

Agency

Wyandotte County, KS

Contract Type

FINANCIAL_SERVICES

Document Date

March 10, 2026

Contract Term

10-year property tax exemption term per facility, with sales tax exemption during construction

Renewal Info

Tax abatement for each facility is structured as a 10-year exemption with PILOT payments under the 2019 development agreement; existing buildings 1–5 have exemptions through tax years 2030–2032, with new buildings to be added under the expanded IRB cap.