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Tax Commission Approves $15M Subsidy for Menards in Richmond Heights

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RICHMOND HEIGHTS, Mo. (KMOX) – It’s almost official — the Richmond Heights Tax Increment Financing Commission gave approval to $15-million in subsidy for a new Menards store.

By a 6-5 vote Wednesday night it ensures that half of the Hadley Township neighborhood will be bought out, but homeowners in the other half, the subject of several failed buy-out offers, are wondering what’s next for them.

Homeowner Harold Russell says its been a 15 year waiting game, and some homeowners were even told not to worry about maintenance or keep up of their property.

“There are some nice homes, but the majority of the homes and lots there are not, so that’s not a conducive neighborhood to be living in.”

With nothing on the horizon, Richmond Heights says they will start enforcing the city codes again.

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