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Corporate Welfare

Missouri’s $17 Million Grocery Store

By Corianna Baier and David Stokes on Jun 9, 2021

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: https://bit.ly/3wtnO3q

Read the commission meeting notes here: https://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 Baier

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About the author

David Stokes

Director of Municipal Policy

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