Shawnee County to vote on $48 million bonds for West Ridge Mall

TOPEKA (KSNT) – West Ridge Mall is requesting $48 million in industrial revenue bonds from Shawnee County for renovations.

Advisors Excel purchased the mall in 2023 with plans to turn part of it into the company’s headquarters, while enhancing commercial and retail space. The mall is requesting taxable Industrial Revenue Bonds to help finance the construction, renovation, improvement and furnishing of the property.

“Industrial Revenue Bonds are among the most popular and cost-effective methods of financing up to 100 percent of a new or growing business’ land, buildings and equipment,” according to the state commerce department.

On Monday, Shawnee County commissioners will consider issuing bonds, which will enable the company to receive a sales tax exemption on labor and materials purchased for the project. The company would also be exempt from state income tax on the interest paid on the bond.

State law allows for IRBs to “develop the general welfare and economic prosperity of the state through the promotion and advancement of industrial development,” the commerce department said.

The commission meeting will be held at 9 a.m. Monday at the Shawnee County Courthouse, 707 SE Quincy.

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