Developer Wants Tax Breaks For Ellisville Shopping Center
ELLISVILLE, MO (KPLR) – The same developer of the new Wal-Mart in Ellisville now wants more tax breaks for another shopping center.
It would feature 92,000 square feet of more shops and restaurants at a price tag of 30-million-dollars, more than ten million coming from tax-payer financing and likely a TIF (Tax Increment Finance). But the Ellisville economic development commission voted four-to-zero to hold out for more proposals.
Council members who support the Wal-Mart deal have impeached and suspended the mayor, who opposes it. The commission is looking for a project that offers more than just new places to shop and eat.