Missouri’s $17 Million Grocery Store

Corporate Welfare |
By Corianna Baier and David Stokes | Read Time 1 min

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/

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About the Author

Corianna grew up in Michigan, where she earned her B.S. in Economics from Hillsdale College. She then earned her M.A. in Economics from Troy University. Corianna is interested in business regulation and tax policy. 
David Stokes

About the Author

David Stokes is a St. Louis native and a graduate of Saint Louis University High School and Fairfield (Conn.) University. He spent six years as a political aide at the St. Louis County Council before joining the Show-Me Institute in 2007. Stokes was a policy analyst at the Show-Me Institute from 2007 to 2016. From 2016 through 2020 he was Executive Director of Great Rivers Habitat Alliance, where he led efforts to oppose harmful floodplain developments done with abusive tax subsidies. Stokes rejoined the Institute in early 2021 as the Director of Municipal Policy. He is a past president of the University City Library Board. He served on the St. Louis County 2010 Council Redistricting Commission and was the 2012 representative to the Electoral College from Missouri’s First Congressional District. He lives in University City with his wife and their three children.

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