1% Sales Tax Would Support New Chesterfield Outlet Mall
CHESTERFIELD, Mo. (KMOX) – In Chesterfield, they’re talking about approving a $30 million tax incentive package for one of two proposed outlet malls.
Not everyone’s on board with the idea.
“I hate to see a flood valley become an asphalt, empty space,” said one resident to a round of cheers during a Chesterfield city council meeting Monday night.
Mayor Bruce Geiger says the Community Improvement District (CID) is necessary because the part of the Chesterfield Valley where the mall would be built has almost no infrastructure.
“So if you shop at this outlet mall you’ll pay an additional one-percent in sales taxes,” Geiger told KMOX News following the meeting. “But that applies only to this outlet all, no where else in Chesterfield.”
The mall in question is being proposed by Simon Properties and has a Saks outlet store lined up as an anchor tenant.
Opponents to the plan presented a petition containing one-thousand signatures to the City Council last night.