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 …
The Shrewsbury TIF commission met for the first time Wednesday.
The redeveloper of Kenrick Plaza is seeking $20 million in public assistance from the City of Shrewsbury to build a controversial Walmart Supercenter. G. J. Grewe revealed a preliminary plan for the approximately 25-acre site, located in the 7400 block of Watson Road near the Burlington Northern Santa Fe railroad tracks. Grewe made the presentation Wednesday at the City of Shrewsbury's first Tax Increment Financing (TIF) Commission meeting at the Shrewsbury City Center. In addition to a Walmart, Grewe's total $43-million redevelopment plan calls for several other smaller retailers to replace the site of the vacant Kenrick 8 Cine movie theater, which closed in 2007. That area is referred to in the plan as Upper Kenrick Plaza and includes a …
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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 ›