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Chesterfield City Council Approves Mammoth $353 Million Tax Increment Financing for ‘Downtown’ Redevelopment Project
Chesterfield City Council Approves Mammoth $353 Million Tax Increment Financing for ‘Downtown’ Redevelopment Project
In a move that has stirred both excitement and controversy, the Chesterfield City Council has given final approval for a massive $353 million tax increment financing (TIF) package for a significant redevelopment project in the southwest quadrant of the city. This monumental decision marks one of the largest TIFs ever granted in the region, underscoring the city’s ambitious vision to transform the area into a vibrant downtown district.
The TIF, which encompasses 241 acres and includes the Chesterfield Mall property, Wildhorse Village, and a portion of Central Park, aims to revitalize the region by creating a dense, mixed-use urban development. The project, dubbed “Downtown Chesterfield,” is expected to add more than 1 million square feet of commercial, residential, and entertainment space, attracting new businesses and residents to the area.
Despite the excitement surrounding the project, the decision has not been without controversy. The Parkway School District, in particular, has voiced strong opposition to the use of TIF for the project. The district is concerned that the influx of new residents from the residential developments within the project will strain the school system, while the TIF diverts revenue that could have been used to support the education of these students.
“While we are pleased there is a plan for this area of Chesterfield and always welcome new students, the development does not provide adequate financial resources to educate the hundreds of potential new students it will generate,” said a Parkway School District representative.
The city, however, maintains that the project will ultimately benefit the school district and other taxing entities by increasing the tax base and allowing for the completion of necessary infrastructure projects. Former mayor John Nations pointed out that the city’s last TIF, following the flood of 1993, was one of the most successful in the country.
“This will provide an increased sales tax base and allow the city to complete a number of necessary infrastructure projects such as a North Outer 40 connection to Chesterfield Valley, pedestrian and multi-modal connections to provide safe connectivity, the Clarkson Road/Baxter exchange, and reconstruction of Chesterfield Parkway,” said Franke, speaking on behalf of the Progress 64 West board.
In addition to the infrastructure improvements, the project has garnered support from local businesses and residents who believe it will bring much-needed economic growth to the area. The redevelopment is expected to attract more than $2 billion in investment, transforming the region into a bustling downtown hub.
However, the city council’s decision has not been universally popular. Critics argue that the use of such a large TIF for a single project is a risky gamble, potentially leaving the city and its residents to bear the brunt of any financial shortfalls.
2024 Budget Chesterfield Missouri
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Missouri Cattle Market Faces Unprecedented Challenges Amid Lowest Inventory in Decades
In recent months, the Missouri cattle market has been navigating through turbulent waters, marked by the lowest cattle inventory seen since 1951. This stark reduction in herd numbers is reflective of a broader trend sweeping across the United States, where farmers and ranchers are either scaling down their operations or exiting the industry altogether due to escalating costs and persistent drought conditions.
The crux of the issue lies in the soaring costs associated with cattle farming. Feed prices have skyrocketed, with drought conditions in many parts of Missouri reducing the availability of natural forage. This has forced farmers to buy more expensive feed, significantly cutting into profits. The sentiment from the field, as echoed through various posts on X, indicates a weary community of cattle producers. “Old guys are tired, and young guys don’t have the capital,” shared one local farmer, highlighting the generational challenge in maintaining herd sizes.
Despite the reduced supply, demand for beef remains robust, pushing prices higher. Consumers in Missouri are feeling the pinch at grocery stores and local butchers, where the cost of beef has seen noticeable increases. However, there’s a silver lining for those looking for quality at possibly better rates. Bulk purchasing directly from local butchers or participating in community-supported agriculture (CSA) models has become more popular. For instance, a recent post celebrated splitting a cow for $4 per pound, a slight increase from previous years but still seen as a way to support local farmers while securing quality meat.
Looking ahead, the Missouri cattle market’s future seems to hinge on several factors. The industry might see a shift towards more sustainable practices, like regenerative agriculture which aims to restore soil health and biodiversity, potentially making cattle farming more resilient to climate changes. However, immediate relief in terms of herd size recovery might be slow unless there are significant changes in feed costs or an unexpected surplus in forage.
There’s a growing call for government intervention or subsidies to help stabilize the industry. Discussions around water management, drought-resistant crops for cattle feed, and financial support mechanisms are gaining traction. Meanwhile, industry leaders are exploring technological advancements like feed efficiency enhancements and genetic selection for resilience against environmental stress.
Get Ready for the Fall Roundup at Miller County Regional Stockyard!
Mark your calendars, cattle enthusiasts! The Miller County Regional Stockyard is thrilled to announce our much-anticipated Fall Roundup happening this October 14th. Whether you’re a seasoned rancher, a budding farmer, or just someone who appreciates the heart of Missouri’s agricultural spirit, this event is crafted just for you.
Why Attend the Fall Roundup?
- Unbeatable Deals: Experience the thrill of bidding on some of the finest cattle in the region. From weaned calves to quality beef cattle, our auction offers something for every livestock buyer looking to expand or enhance their herd.
- Community Spirit: Connect with fellow farmers, ranchers, and livestock enthusiasts. This isn’t just an auction; it’s a gathering where stories are shared, and relationships are built over a mutual love for the land and its offerings.
- Expert Insights: Engage with knowledgeable auctioneers and cattle experts who are ready to provide advice, insights, and the latest updates on market trends. Whether you’re new to the game or a veteran, there’s always something new to learn.
- Family Fun: Bring the whole family! While the adults engage in the auction, kids can enjoy a safe environment to learn about livestock.
- Local Pride: Support local farmers and contribute to the community by participating in what has become a tradition in Miller County. Every purchase not only adds to your herd but also supports local agriculture.
Plan Your Visit:
- Location: Miller County Regional Stockyard is easy to find and accessible for everyone, 4 Kent Road in Eldon, MO. Check our website for directions or follow the signs on event day.
- Parking: Ample parking space, but to ensure convenience, consider arriving early.
- Refreshments: Cafe will be open
Join us at the Miller County Regional Stockyard for the Fall Roundup on October 14th. It’s not just an event; it’s a celebration of the rural community, the backbone of our heritage. Whether you’re here to buy, sell, or just enjoy the day, we promise an experience filled with tradition, community, and the pure joy of rural living. See you there!
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Kentucky sheriff shot a local judge in his chambers, unconfirmed report claims the sheriff found out the judge had raped his daughter.
The Kentucky sheriff who shot a local judge in his chambers, had exchanged cell phones just moments before taking the judge’s life. According to the Mountain Eagle, District Judge Kevin Mullins and Sheriff Mickey Stines exchanged phones. When Stines was apparently unhappy with what he found, he opened fire on the judge. Stines was previously Mullins’ bailiff before he became sheriff in 2018. The two had lunch together just hours before the incident. Sheriff Stines later went to the courthouse to speak with Mullins. They then went to the judge’s office, where they continued their conversation. A short conversation took place before the sheriff got up and locked the door. Both men then took out their cell phones and handed them to each other. Stines then got up and pulled out his gun, walked around the desk and repeatedly shot Mullins who passed. It’s unclear what the argument was about but an unconfirmed report claims the sheriff found out the judge had raped his daughter.
Mullins, aged 54, was known for his judicial role in the 47th Judicial District, where he managed various legal matters including substance abuse treatment programs for offenders, showcasing a commitment to rehabilitation over mere punishment.
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