Friday, December 9, 2011
It may be at least several months before the TIF process gets back on track.
The changes being made to the controversial Kenrick Plaza site plan by developer GJ Grewe may delay the project by several months, or even call into question the future of the Walmart-anchored redevelopment. The changes are being made to avoid having to move the guy-wires that anchor a nearby radio tower, a move that Grewe said was necessary to avoid “years of litigation.” However, having to build around the cables may mean changes to the size and shape of retail spaces in the development, which could affect the profitability of the profitability of the project. Shrewsbury Director of Administration Jonathan Greever said it would be at least 60 days from the moment he gets the go-ahead to reconvene the commission before the TIF would be …
Friday, November 11, 2011
Parties involved in the Walmart-anchored redevelopment answered some, but not all, of the TIF commission’s questions on Wednesday.
With an audience of more than two dozen watching, representatives of planning consultants PGAV, developer G. J. Grewe and Shrewsbury city officials gathered Wednesday to answer questions from the TIF commission about the proposed $48.9 million Kenrick redevelopment and the cost-benefit analysis. Despite having received the questions in writing after the last meeting, however, special counsel to the city Mark Grimm told the commission that some would have to wait until changes being made to the site plan were assessed. “I’m frustrated to not have all the data. I want to do my job,” said commission member and Affton School Board President Michael McNeil after the meeting. PGAV, Grewe and Mayor Felicity Buckley answered most of the commission…
Friday, October 7, 2011
The cost/benefit analysis by PGAV was presented to the TIF commission on Wednesday, but county officials requested more details on the report.
After several aborted sessions, the Shrewsbury TIF Commission met Wednesday to hear a presentation by Peckham Guyton Albers Viets (PGAV) planners on their cost/benefit analysis of the proposed Kenrick Plaza redevelopment. According to the presentation by Associate Director Andy Struckhoff, PGAV projects that the proposed development would bring in $87.8 million in revenue within the first 12 months of operation, starting in March 2013. $77.8 million of this would come from the anchor store, a Walmart Supercenter. The development would also bring in just over $1 million in sales and property taxes to Shrewsbury’s city coffers in its first year, Struckhoff said—$936,000 more than the $131,000 the city currently gets from the run-down …
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Tony
8:33 am on Friday, December 9, 2011
As I noted on the previous article on the topic, something STINKS in Shrewsbury. The guy wires were always a known factor. In fact, Grewe, PGAV, and Bert and Barry all used the guy wires to convince the citizens of Shrewsbury that we HAD to have big box retail at Kenrick, and have done so for YEARS. Citizens pleaded for mixed use, something less intrusive. But we had to have big box. Why? Let's … more ›