A trial court more than two years ago threw out $390 million in TIF funding for developer Paul McKee’s NorthSide Regeneration project.
Florissant Mayor Tom Schneider joins fill-in host Michael Kelley to discuss the Shamrock Ball as well as a controversial TIF and Walmart being opposed in Florissant.
The city is gearing up to consider awarding $20 million in TIF incentives to the home improvement store chain.
“We shouldn’t be paying companies to come to our city, they should want to come to our city and say ‘this is a great city.'”
The $15 million in TIF money will direct some of the store’s property taxes back to developers. Aldermen also approved an additional sales tax.
Shrewsbury Mayor Felicity Buckley believes a silent majority of constituents are with her, and her quest to bring a Walmart to town.
Even though county tax commissioners last night rejected a $15 TIF package for Walmart in Shrewsbury, there’s a good chance the store will be built.
Officials want to hear from you at a meeting tonight in Richmond Heights.
Questions surround 2nd anchor tenant as TIF hearings continue.
Says different approach to TIF funding means better chance of success.