More Controversy in Ellisville Over Walmart TIFs

ELLISVILLE, Mo. (KMOX) – With impeachment in the books, at least for now, Ellisville’s emotions are again directed at a controversial Walmart development on Manchester Rd. near Clarkson Rd.

Developer Jim Sansone and reinstated Ellisville Mayor Adam Paul butted heads over tax incentives which, Sansone contends, the city must now start authorizing the issuance of bonds for.

Last year’s city council agreed to the incentives. But Mayor Paul wants Sansone to first sign the lease with Walmart and actually purchase the apartment complexes he intends to tear down for the store.

“Are you going to have everything for us in a week? A month?,” Mayor Paul asked in the meeting. “Then what’s the hurry?”

Sansone says that he needs the assurance of bond revenue to have the capital to purchase the property. That’s why the tax increment financing incentives were sought in the first place, he says, because the development couldn’t happen otherwise.

The council defied Mayor Paul 4-3 and gave first-round approval to upholding the tax incentive agreement.

Councilman Matt Pirrello after the meeting told KMOX News that the city dodged a possibly expensive bullet, because Sansone was threatening to “take action,” perceived to be legal action, to hold the city to its TIF contract.

KMOX © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

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