Plans to create a satellite campus for Kansas State University and a bioscience research and office park in Olathe will be up for approval Tuesday night by the Olathe City Council.

Council members are scheduled to approve a development plan for the project during their 7 p.m. meeting at Olathe City Hall, 100 E. Santa Fe.

A ceremony to celebrate the agreement is tentatively set for 8 p.m. at the 91-acre site, at the northwest corner of College Boulevard and Valley Road.

The development plan calls for K-State to start construction of its satellite campus – to be called the Kansas State University-Olathe Innovation Campus – within six years. The preliminary site plan envisions two initial educational buildings, each covering 50,000 square feet.

The remainder of the site would be reserved for the Kansas Bioscience Authority Science Park, which would have two components:

¢ a wet lab complex, to be up and running within three years, that will focus on promising university research.

¢ buildings to serve as a bioscience incubator, allowing for commercial development of promising research.

The bioscience authority’s portion of the project is slated to include 12 to 15 buildings, ranging from 24,000 to 55,000 square feet, according to the site plan. While the site plan is preliminary, its components are being counted on to deliver an anticipated $150 million in public and private investment, $2.4 million in annual property taxes (once any tax abatements would expire) and 3,000 new jobs with average salaries of $57,000 per year.

And that’s only the beginning. The projections do not include jobs or revenue that might be created by the project and moved elsewhere in the community.

“The intention is this is the road map we follow,” said Tom Brymer, Olathe assistant city manager.

Under terms of the development agreement, the city of Olathe plans to sell the 91-acre site for $10 to both K-State and the bioscience authority; the authority and the university then would be responsible for handling the construction of infrastructure and buildings.

Council members anticipate considering formation of a benefit district to finance such work. That could come later this month.

K-State officials have said that they want to establish a campus that would start with graduate-level classes and instruction for bioscience employees in the area.

The bioscience authority – financed by revenues generated by bioscience operations in the state, expected to provide a total of $580 million over 10 years – would use the site to attract private investment and jobs to the state.

In an executive summary of the development agreement, the council’s staff assesses the effect of the project: “Upon Council approval, this campus will become the only true research park affiliated with a university in the Kansas City metropolitan area.

“It is anticipated to attract national attention and spawn related business and industry in the field of bioscience. This project has incredible potential to help foster the type of knowledge-based economy that will be an economic asset for many years to come.”