Hurdle Cleared, Menards Project Moves Forward In Richmond Heights
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RICHMOND HEIGHTS, Mo. (KMOX) – Late last year, KMOX News told you about , the chain of home improvement stores, cancelling plans to build in O’Fallon, Missouri.
Company leadership said President Obama’s re-election was “scaring the dickens” out of them.
So we wondered are the plans still a-go for a location in Richmond Heights?
According to Richmond Heights City Manager Amy Hamilton, yes.
The city is gearing up to consider awarding $20 million in tax increment financing — or TIF — incentives to the home improvement store chain.
KMOX News asked Hamilton if the publicly subsidies Menards could wind up hurting the Lowes and/or Home Depot that are literally across the street.
“We haven’t had any conversations with any of those stores. No one has contacted the city or Richmond Heights,” Hamilton said. “Obviously we’re do our own economic analysts, which is what we’re in the middle of right now.”
She says Menards took the latter half of last year, signing agreements with all 100 homeowners in the store’s footprint, just south of 64/40 and east of Hanley Rd.
As for an adjacent area that was rumored to be in line for IKEA, Hamilton says the city has told those homeowners that there’s pretty much no chance of redevelopment there anymore.