TOPEKA, Kan. (WIBW) -- Shawnee Co. Commissioners signed off on Topeka's plan to take over city's race track. On Thursday, they unanimously approved the City Council's plan to expand its redevelopment district to include Heartland Park.
Topeka Mayor Larry Wolgast talks to Shawnee Co. Commissioners about the city's plan to buy Heartland Park racetrack (WIBW/Eric Ives)
In this proposed plan, the city will issue about $4.7 million in the Sales Tax Revenue bonds, or "STAR" bonds, to acquire Heartland Park. City Manager Jim Colson said there will be no tax increase with the plan.
"It is a reallocation of those funds as opposed to being collected by the state, they are being used to retire the debt," Colson explains.
Council members overwhelmingly approved the plan earlier this month.
The President of Jayhawk Racing and owner operator of Heartland Park Topeka, Ray Irwin and Robert Wayman, President of Kansas City Porsche Club, explain why the changes are good for Topeka.
"Heartland Park will once again become the destination of choice in the Midwest for track enthusiast of all levels," said Wayman.
"I think its going to be a very good thing for that track, and certainly for the city of Topeka," said Irwin.