BlueScope Properties Group is requesting approval of a master resolution to build four warehouse buildings totaling 640,150 square feet near 159th Street and Lone Elm Road.
Olathe has received a request to issue industrial revenue bonds [IRB] and 10-year, 50% tax abatement for the project.
The developer is also requesting approval of the first phase of construction to build a 236,160-square-foot building in the northeast corner of 159th Street and Lone Elm Road.
Under the master resolution, the first phase would include issuing $23,441,712 in IRBs to cover the cost of acquiring land, constructing the building and purchasing furniture and equipment for the warehouse.
