FINANCIAL_SERVICESAPPROVED

Kansas Board of Regents Board Meeting Agenda Packet March 2026

WSU Stadium Renovation Funded by $60M KDFA Revenue Bonds

Not to exceed $60,000,000, plus issuance costs, construction interest, and reservesKansas Board of RegentsKANSAS DEVELOPMENT FINANCE AUTHORITYMarch 11, 2026

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Description

The Kansas Board of Regents approved Wichita State University’s request to have the Kansas Development Finance Authority issue up to $60 million in revenue bonds to finance the phased renovation and equipping of the university stadium. The bond will be secured by university funds and serviced by various sources including county property tax revenue.

Contract Details

Contract Amount

Not to exceed $60,000,000, plus issuance costs, construction interest, and reserves

Vendor

KANSAS DEVELOPMENT FINANCE AUTHORITY

Agency

Kansas Board of Regents, KS

Contract Type

FINANCIAL_SERVICES

Document Date

March 11, 2026

Contract Term

Term of bonds not to exceed 30 years; phased construction to 2027

Renewal Date

2057-12-31

Renewal Info

Third bond series for this project; Series 2023J ($11.04M) and 2025D ($6.81M) previously authorized. Bonds not to exceed 30 years. No automatic renewal, but future bond issues possible as phases proceed.

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