The city of Overland Park has won conditional approval for the financing of a planned 8,000-seat arena.

It's one of two mid-size arenas proposed for Johnson County. The city of Olathe received state approval three months ago for $50 million in bonds for a project there. But that project has hit some hurdles.

Overland Park's plans moved forward yesterday when the state commerce secretary approved nearly $50 million in special bonds. The debt would be repaid from sales tax revenue generated by the arena and a neighboring entertainment district.

Developers have also request about $30 million in tax incentives from the city, which would own and operate the arena.