Quantcast

1717 Marketplace TIF District Update, First Amendment On The Tab - KOAM TV 7

1717 Marketplace TIF District Update, First Amendment On The Table

Updated:

    The Joplin TIF commission held a meeting tonight to discuss the status of the three existing TIF districts - and an amendment for the 1717 Marketplace TIF.
In November - City Finance Director Leslie Haase approached the council about a serious issue.
15th Street from Range Line to the Walmart entrance.
A quick recap - the original 1717 Marketplace developer was supposed to develop this stretch of road, they went bankrupt, and the TIF district properties were sold off - to three different groups- with an investment firm called WBB - taking control of the 15th street portion.
But, they're an investment firm, not a developer, and the city had promised years ago (we're talking 2005) that the work would be completed.
Now - fast-forward to today.
They're ready to get work started - through an amendment to the TIF.
Leslie Haase, Joplin Finance Director: "We're actually asking to increase the TIF a little bit, in order to finish out the TIF."
The TIF Commission held a meeting - and unanimously passed the amendment.
Now it goes back to the city council...
TIF districts are allowed a 23 year time frame - without the amendment, the district would pay off in about four years, with the amendment...
Haase: "Even if we add on the time frame by increasing this, it's still going to pay off about six years in 2023, so about 5-6 years early, so, the TIF is performing quite well."
Haase says all three TIF's - Northpark Crossing, 1717 Marketplace, and the community redevelopment TIF, are doing very well.
So, what will you notice as time goes on?
Haase says you've already seen most of it - when the actual developments were built.
You'll see - starting in 2019 - work on 15th Street - with utility relocation - then the big stuff gets going in 2020.
As for when the TIF's pay off...
Haase: "The entities that will notice when it pays off are the taxing jurisdictions, because the taxing jurisdictions at that point will get the full benefit of the development versus what the property was like prior to the development."
That city council meeting is May 21st.
 

MORE TOP NEWS

Chris Warner
Reporter

A Joplin native, Chris first started in broadcasting at age 16 at KSNF-TV in 2004..

Chris joined the KOAM team in 2017 as an Associate Producer. In April, he moved into a full-time reporter position. He spent time from 2008 to 2016 in various retail roles around the region before returning to his passion at KOAM. Chris is excited to continue telling the stories of the four states. Chris and his wife Amber live in Joplin and have three amazing children.

Follow Chris:
On Facebook
On Twitter

Contact Chris:
417.624.0233 or 620.231.0400
cwarner@koamtv.com

  • Chris WarnerMore>>

  • Coffee Trends Inspire Three New Shops In The Metro

    Coffee Trends Inspire Three New Shops In The Metro

    Friday, November 16 2018 10:35 PM EST2018-11-17 03:35:29 GMT
        A new survey by the website "Webstaurant Store" has noted an increase in coffee shop customers, especially those 13 to 18.  Three new coffee shops have opened in the Joplin metro area within the last couple of months, so we sent Chris Warner to find out what trend's brought them here.  Although there's a growing trend of younger coffee drinkers, the coffee shops we visited all told us they see all ages frequent their stores. Neil Simmonds, Z...More >>
        A new survey by the website "Webstaurant Store" has noted an increase in coffee shop customers, especially those 13 to 18.  Three new coffee shops have opened in the Joplin metro area within the last couple of months, so we sent Chris Warner to find out what trend's brought them here.  Although there's a growing trend of younger coffee drinkers, the coffee shops we visited all told us they see all ages frequent their stores. Neil Simmonds, Z...More >>
  • New Way To Treat Depression In Joplin

    New Way To Treat Depression In Joplin

    Thursday, November 15 2018 10:31 PM EST2018-11-16 03:31:45 GMT
        A new way to treat depression has made it's way to the four-states...Transcranial Magnetic Stimulation, or "TMS" therapy is a non-drug, non-invasive treatment for patients with major depression who have not seen success on anti-depressant medication.     Freeman Health's Ozark Center recently debuted the technology which uses a highly targeted pulsed magnetic field, similar to what an MRI machine uses, to stimulate nerves in the part of...More >>
        A new way to treat depression has made it's way to the four-states...Transcranial Magnetic Stimulation, or "TMS" therapy is a non-drug, non-invasive treatment for patients with major depression who have not seen success on anti-depressant medication.     Freeman Health's Ozark Center recently debuted the technology which uses a highly targeted pulsed magnetic field, similar to what an MRI machine uses, to stimulate nerves in the part of...More >>
  • Three Year Old Left On Webb City Bus

    Three Year Old Left On Webb City Bus

    Thursday, November 15 2018 10:22 PM EST2018-11-16 03:22:25 GMT
        A child is left behind on a bus in Webb City and the parent takes to Facebook fighting for change. Dr. Kevin Cooper, Webb City Asst. Superintendent: "To be honest with you, we're not 100% sure exactly, how it happened, but we can tell you that we had a student that was left on a bus for an extended period of time, and it was one of our early childhood students." The child left behind, only three years old, the daughter of Samantha Sweet.  Sweet t...More >>
        A child is left behind on a bus in Webb City and the parent takes to Facebook fighting for change. Dr. Kevin Cooper, Webb City Asst. Superintendent: "To be honest with you, we're not 100% sure exactly, how it happened, but we can tell you that we had a student that was left on a bus for an extended period of time, and it was one of our early childhood students." The child left behind, only three years old, the daughter of Samantha Sweet.  Sweet t...More >>
Powered by Frankly

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by Frankly, Inc. All content © Copyright 2000 - 2018 KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.