The Joplin Globe, Joplin, MO

Local News

December 28, 2012

Joplin City Council approves creation of tax district

JOPLIN, Mo. — The Joplin City Council today approved the creation of a 3,000-acre tax increment financing district to finance redevelopment projects in the wake of the May 2011 tornado.

An ordinance establishing the TIF plan was approved on a 6-3 vote during a special council meeting Friday. Casting the dissenting votes were Bill Scearce, Trisha Raney and Jack Golden.

Council members also considered a separate ordinance for approval of the redevelopment plan as outlined in the TIF proposal and designating the Joplin Redevelopment Corp. as the developer. This ordinance was approved on a 7-2 vote, with Scearce and Raney casting the dissenting votes.

Future increases in property taxes and a portion of the sales tax revenue from the TIF district will be directed over the 23-year life span of the TIF to tornado redevelopment projects. David Wallace, chief executive officer of Wallace Bajjali Development Partners, the master developer, has said up to $57 million in tax revenues could be generated to secure bond indebtedness to help finance some of the projects.

Projects include $258 million for housing, $56 million for mixed-use residential over retail and commercial space, $74 million for a medical office building, $20 million for a Joplin Public Library/theater complex, $45 million for a consolidated government office complex, $68 million for a performing and visual arts center and Union Depot restoration, $73 million for a downtown education complex, $55 million for a multipurpose event venue and sports complex and $70 million for a hotel and convention center.

1
Text Only
Local News
  • Ballot issues dominate GOP event

    A maze of campaign yard signs lined the sidewalk at Big Spring Park, leading up to a line of local candidates for public office with rolled-up sleeves shaking hands with potential voters.

    July 24, 2014

  • Mike Pound: It’s time for some football

    The arrests, the announced suspensions and the contract disputes can mean only one thing: Somebody is ready for some football.

    July 24, 2014

  • Landfill opponents seek answers

    The Baxter Springs High School auditorium was filled with hundreds of Cherokee County residents Thursday night as Galena city officials answered questions and listened to comments regarding a proposed landfill at Riverton.

    July 24, 2014

  • Hanaway says leadership missing under Gov. Nixon

    When Republican gubernatorial hopeful Catherine Hanaway walked into the banquet room at Granny Shaffer’s Restaurant this week, she was greeted by some of Joplin’s more prominent business leaders.

    July 24, 2014

  • Neosho athletes bring home silver

    For 19-year-old Dominque Dechant, it was the trip of a lifetime. She and three other athletes from Neosho traveled last month to Newark, New Jersey, as part of the Missouri Special Olympics girls basketball team.

    July 24, 2014

  • r072414msw.jpg VIDEO: Carterville company expands to third generation

    What began as Ray “Mac” McCoy’s side job in his home 55 years ago has grown not only in square footage and reach, but in generations. This summer, a third generation took over the reins of MSW — Mac’s Specialty Woodwork — that now exceeds 90,000 square feet and creates custom furniture for chain restaurants coast to coast.

    July 24, 2014 2 Photos

  • Shrine Bowl band, cheerleaders, players arrive in Pittsburg this week

    Band members were the first Kansas Shrine Bowl participants to arrive at Pittsburg State University this week.

    July 24, 2014

  • Galena council rescinds landfill decisions

    The Galena City Council voted Wednesday to rescind decisions it made two weeks ago regarding a proposed landfill at Riverton.

    July 23, 2014

  • Miami council waives fees for barbecue event

    The Miami City Council voted Tuesday to waive $3,750 in usage fees for Miami Elks Lodge No. 1320 for an upcoming barbecue championship at the Miami Fairgrounds.

    July 23, 2014

  • Carthage prepares for Marian Days

    The 37th annual Marian Days celebration will start in two weeks, and planning is well under way for the event that will bring tens of thousands of Catholics of Vietnamese descent to Carthage.

    July 23, 2014

Must Read
Sports
Photos


Facebook
Poll

Amendment 8 in Missouri proposes a special lottery ticket to help fund state veterans homes. How will you vote?

For it.
Against it.
     View Results
Opinion
Twitter Updates
Follow us on twitter