The Joplin Globe, Joplin, MO

Top Stories

August 27, 2013

Tax credit application filed for Joplin Redevelopment Corporation

Joplin officials might know today if the city’s application for tax credits that could net $5.1 million will be approved by the state.

“It’s in; it was filed yesterday,” said David Wallace, chief executive officer of the Wallace Bajjali Development Partners, on Tuesday of an application to Missouri’s Distressed Land Assemblage Tax Credit Program. “We got all of the documentation, which is pretty extensive, that needed to be submitted” sent electronically on Monday followed up by hard copies delivered overnight and received by the DED on Tuesday.

Wallace said the firm closed a land deal on Monday morning that completed the acquisition of 50 acres in Joplin’s tornado zone needed to meet redevelopment requirements of the tax credit program.

“We’re hoping the Department of Economic Development will issue the appropriation letter today,” he said Tuesday, or, if not then, today. He said the firm calculated that the state would issue $5.7 million in tax credits based on the value of the land bought by the city’s land bank, the Joplin Redevelopment Corporation, for redevelopment projects. Wallace expects to sell the tax credits for about 90 cents on the dollar, which he said would net about $5.1 million cash. That money would go to the JRC for future economic development projects beyond the $806 million proposed by the Wallace Bajjali firm as Joplin’s contracted master developer, Wallace said previously.

“We’re optimistic about that as we have been all along,” Wallace said of the application. “We’re excited about the opportunity to work with the state and the Department of Economic Development.”

The property the firm bought Monday was a tract that Mercy has donated to the city of Joplin at the southeast corner of 26th Street and McClelland Boulevard where St. John’s Regional Medical Center was destroyed by the 2011 tornado.

Two public sessions will be held Thursday to seek input from residents as to what should be built on the land. There was some discussion last year that it could become the site of a tornado museum. Those sessions will be held at 3 p.m. and 6 p.m. in the basement of City Hall.

The reason quick action is sought on the application is because the program expires today. The DED had said earlier that if Joplin’s application was received by Aug. 27, it could be reviewed in time.

The tax credit program was intended to redevelop blighted areas, and, in particular, was used by a St. Louis developer, Paul McKee. He received $41 million for a north St. Louis redevelopment project. McKee asked the Legislature to extend the program to 2019, but it did not.

Wallace told the JRC last month there was a possibility Joplin could claim the money if the JRC stepped up land acquisitions to meet the land redevelopment requirements.

29 acres more

The JRC had acquired about 26 acres of land for redevelopment projects and had to finish deals on 29 acres that were under contract to apply for the tax credit program.

 

1
Text Only
Top Stories
  • r041614giregabby.jpg SLIDE SHOW: Teen with cystic fibrosis finds widespread support

    When the Nevada Show Choir performs its spring show on stage, it’s impossible to pick out the student with cystic fibrosis because there are no outward clues.
    Gabby Gire, 18, is just another performer. She sings, she dances, she smiles for the audience.

    April 19, 2014 1 Photo 1 Slideshow

  • 041914 Wedding1_72.jpg VIDEO: Cancer patient walks down aisle in wedding thrown by friends

    A year ago, Schandera Jordan was diagnosed with a rare form cervical cancer. And months after a radical hysterectomy, doctors confirmed the worst: The cancer had spread to her lungs and pancreas.

    April 19, 2014 2 Photos

  • Enrollment open for Joplin summer school

    Enrollment is now open for the Joplin school district’s summer school session, which will run Wednesday, June 4, though Tuesday, July 1.

    April 19, 2014

  • r041814capbus4.jpg Funding shortfall could hinder public transportation in Southeast Kansas

    For the past two years, Pittsburg State University sophomore Travis Cook has been using public transportation to get to and from his classes. He began using the bus his freshman year, when he didn’t have a vehicle to drive even to the grocery store — which is said to be the case for many who use the service.

    April 18, 2014 2 Photos

  • Bruner denied change of venue for murder trial

    Circuit Judge Gayle Crane has denied a change of venue for a defendant charged with fatally shooting an assistant football coach at Missouri Southern State University. The attorney for Jeffrey Bruner claimed pretrial publicity as the reason for seeking a change of venue in Jasper County Circuit Court.

    April 18, 2014

  • Russell family sues city, Joplin police

    Family members of a teenage girl whose suicide a year ago brought them into conflict with police officers and emergency medical technicians are suing the city and the Joplin Police Department. Kevin and Julissa Russell and their son, Brant Russell, are the plaintiffs in a lawsuit filed in Jasper County Circuit Court. The action filed on the Russells’ behalf by Kansas City attorney Andrew Protzman names the city, the Police Department and Officers Austin Wolf and Tyler Christensen as defendants.

    April 18, 2014

  • Kansas Regents stick with social media policy

    After directing a committee to study a controversial social media policy and make recommended changes, the Kansas Board of Regents appears to not be changing the policy at all. It’s left some in academia baffled by why it appointed the work group in the first place.

    April 18, 2014

  • Britain Easter Pilgri_Cast.jpg SLIDESHOW: Good Friday observances around the world Around the world, Christians are coming together in observance of Good Friday, which they believe was the day Jesus was crucified. Here are some photos from Good Friday commemorations around the world.

    April 18, 2014

  • Missouri House votes to expand sales tax exemptions

    Pizza parlors, doughnut shops and even convenience stores all could be in line for a tax break on the food that they make and sell as a result of a measure moving through the Missouri Legislature.

    April 18, 2014

  • 041714 School safe rooms4_72.jpg Joplin school district readies community safe rooms for storm season

    Thousands of Joplin residents will soon be able to stay safe during storms in some of the region’s newest shelters. Community safe rooms at Cecil Floyd, Stapleton, McKinley and Eastmorland elementary schools, which double as gymnasiums, and Junge Field, which will double as a field house, are expected to be open within the next few weeks, according to Mike Johnson, the school district’s director of construction.

    April 17, 2014 2 Photos