The Crestwood TIF Commission is considering a proposal to redevelop the land that was once the Crestwood Mall. The plan includes a Dierbergs grocery store and multiple retail spaces that would be partially funded with $13.5 million from tax-increment financing and $3.5 million from a community improvement district. There is also a residential component of the development that will not include public funding. There is a TIF Commission public hearing on this proposal at 7 p.m. on June 17th, 2021.
Read our Testimony on The Crestwood Mall TIF Proposal here: bit.ly/3wtnO3q
Read the commission meeting notes here: bit.ly/35sv7w8
More on the Crestwood TIF:
https://showmeinstitute.org/blog/subsidies/if-at-first-you-dont-succeed/
https://showmeinstitute.org/blog/subsidies/tax-hikes-to-fund-tax-cuts/
https://showmeinstitute.org/blog/municipal-policy/what-should-crestwood-do/
