• Missouri Proposes Tax Break Ban for Flood Zone Development

    From St. Louis Post-Dispatch:  With floodwaters again inundating parts of Missouri, the state Senate on Wednesday backed legislation that could limit local tax breaks offered for new developments in flood plains. A bill given initial approval would...

    • Posted 3 weeks ago
    • 0
  • After ‘bad mistake’ in calculations, it’s back to negotiating table for TIF plan in University City

    From St. Louis Post-Dispatch:  It’s back to the negotiating table between the developer proposing a $190 million big box retail development and city staff here after a consulting firm’s error upended the amount of tax revenue both...

    • Posted 2 months ago
    • 0
  • Eagle-Eyed Resident Spots $20M Error in Analysis of Controversial U City Project

    From St. Louis Business Journal:  A controversial $190 million University City development could generate around $30 million in tax revenue for the city through 2041. But a mistake in a cost analysis of the project led the...

    • Posted 3 months ago
    • 0
  • Controversial $70M TIF Proposal Gets Initial Review in University City

    From St. Louis Post-Dispatch:  A handful of opponents of a $190 million project that would forever change the northwest entrance to this inner ring suburb made their concerns heard at the first City Council meeting on the...

    • Posted 5 months ago
    • 0
  • Local Company Eyes Buying, Developing Crestwood Mall Site

    From Call Newspapers:  A St. Louis-based developer is interested in buying the former Crestwood mall site and taking over its redevelopment. Walpert Properties, a company headquartered in Creve Coeur, hopes to redevelop the mall into a mixed-use...

    • Posted 7 months ago
    • 0
  • The Trouble With TIF

    From CityLab:  Local governments often hail this tool as a way to revitalize investment-deprived neighborhoods, fix dilapidated roads, clean up polluted waters, revamp blighted property, and foster commercial activity and job creation. It’s often poorly understood by city taxpayers,...

    • Posted 7 months ago
    • 0
  • TIF Vote Was Just First Step For Contentious U. City Development

    From University City Patch:  Backers and opponents of the tax increment financing (TIF) plan that passed in University City Thursday night both agree that the vote was only the beginning of a long process. Third Ward Council members Bwayne...

    • Posted 8 months ago
    • 0
  • University City Commission Backs Plan for Tax-Supported Development at I-170 and Olive

    From St. Louis Post-Dispatch:  A University City commission on Thursday night voted in favor of plan to provide up to $70 million in tax assistance for a $190 million retail-anchored development at Interstate 170 and Olive Boulevard. The...

    • Posted 8 months ago
    • 0
  • Downtown Kirksville Revitalization Finally Moving Forward

    From Kirksville Daily Express:  A project to revitalize the storefronts of downtown Kirksville is moving forward after more than three years in the making. Assistant City Manager Ashley Young announced at the City Council study session Monday...

    • Posted 8 months ago
    • 0
  • Work Starts on Parking Garage at Cortex

    From St. Louis Business Journal:  Construction has begun on a new 677-car garage at Cortex. The city of St. Louis recently issued a $12 million permit to HOK for construction at 313 S. Sarah St., near Duncan...

    • Posted 8 months ago
    • 0