Black & Green Wednesday: Will the U City TIF Increase Your Taxes or Rents?
This month's Black & Green Wednesday forum will focus on how the U City TIF might affect how much you spend on rent or taxes.
U. City is considering a commercial development at Olive and I-170. Could the project fail:
- if the developer, Novus, pulls out?
- if the City’s financial advisers can’t calculate taxes correctly?
- because more and more people are ordering what they need with their cell phones or the internet rather than going to big box stores?
David Harris, a real estate attorney, will be available for questions regarding details and finances of the Olive-170 proposal.
Other speakers scheduled to appear are: Gerry Connolly, Team TIF, Tom Sullivan, University City Public Policy Monitor, Sonya Pointer, University City 3rd Ward Resident, Patricia Washington, Founder of RISE U City and Don Fitz, Green Party of St. Louis will be the moderator.
Wednesday, April 3, 2019, 7:00 p.m.
McNair Administration Building
8163 Groby Avenue, University City MO 63130
What is a TIF, and how could it affect University City’s Third Ward? Could the TIF project make property values go up so much that residents couldn’t afford the taxes or rents? If the project fails, could there be so many ugly empty buildings on Olive Blvd. that they would attract crime and make property values fall? How much EMINENT DOMAIN will University City use?
What are Community Benefit Agreements (CBA)? What CBAs should be written into the Olive Blvd. project before the City signs an agreement? What would happen to the shops and restaurants on Olive Blvd. that owners have spent years improving?