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Dierbergs previews its plan ahead of mall s TIF hearing – St Louis Call Newspapers
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The four-year legal battle to determine whether Crestwood has to continue paying the Affton Fire Protection District for fire service for annexed residents is over after the Missouri Supreme Court ruled for Affton.
The Supreme Court took a year and a half to issue a ruling in the case after hearing oral arguments in late 2019, but an April 20 ruling from the entire court written by Justice Patricia Breckenridge sided with Affton on every legal argument, just as a Cole County circuit judge originally did in the case.
Since Crestwood lost its bid in court, the city will continue to pay more than $500,000 a year to the AFPD, out of a roughly $13 million budget. And the payments will never stop: In the words spoken to the Supreme Court by Crestwood’s own attorney, former Missouri Chief Justice Ray Price of Armstrong Teasdale, the city will be “saddled for the rest of time” with those payments.
The Crestwood TIF Commission that will be examining whether to grant tax incentives for the redevelopment of the former Crestwood mall site proposed by Dierbergs and McBride Homes met for the first time this month, with a public hearing and possible decision expected by May.
The two developers did not give any specifics or dollar amounts on the tax-increment financing requests at the Feb. 4 meeting, but Dierbergs Director of Real Estate Brent Beumer, a Sunset Hills resident, gave a conceptual overview of the project and confirmed, as first reported by The Call, that the developers are not seeking any tax subsidies for the subdivision proposed by McBride.
The Crestwood mall site has its fourth developer in seven years, but city officials are confident that the latest plan combining proposals from McBride Homes and Dierbergs Market will actually be built, with a TIF Commission convening next week.
McBride and Dierbergs, both companies based in St. Louis, announced Dec. 22 that they have the 47-acre former Crestwood Plaza mall property at Watson and Sappington roads under contract from owner UrbanStreet Group after months of negotiations.
For decades it housed an outdoor mall, then an indoor one. But the mall’s last stores closed in 2013. The site at the center of the city has been vacant ever since, as three other plans to develop the property came and went. One major milestone along the way is that UrbanStreet demolished and leveled all the mall buildings, so the land is now level with Watson Road and easier to redevelop.
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