urbanSTL

rbeedee wrote: That's surprising to me, that the city would have so little control over its tax policy. Is that something specific to Chesterfield, or is it more general than that?

Community Improvement Districts (CIDs) are separate legal entities from the City. CID sales tax revenues go directly to the CID and bypass the City. I think a lot of cities view it as a business plan issue for the developer (i.e., it's the developer's call if they want to tax their customers at a higher rate than other businesses in the City).

Frankly, I think people should not worry about the CID, be thankful no TIF was involved, and start worrying about the physical impact that a development like this could have.

Alex Ihnen wrote:^ But TIFs and CIDs have the same effect on consumers and residents.

CIDs add sales taxes for people who choose to shop at a specific shopping center.

TIFs redirect sales and property taxes that would otherwise go to the benefit of the entire county, school district, fire district, city, etc.

Maybe CIDs are just the lesser of two evils, but I think its disingenuous to say they have the same effect.

^ or you can look at it this way

As a consumer you prefer a TIF because the Sales tax isn't increasing on what your buying

As a resident you prefer a CID as your community doesn't lose out on any new tax revenues to support local services, schools and so on.

Worse, the competing center is looking to form a Transportation Development District: Outlet mall duel still undecided as both sides vow to build

The idea of a transportation district to develop a greenfield seems absurd to me.

UGH

it's not "high end" but put a staples there

I think this is setting up for a massive failure.

http://www.ksdk.com/news/article/378572 ... let-malls-

CHESTERFIELD, Mo. (KSDK) - A developer who sold the land being used for a new outlet mall in Chesterfield is using the surrounding lands for his own commercial project.

Dean Wolfe said his plan calls for between 20 and 30 businesses built near the mall. These businesses will not be affiliated with the mall. And while Wolfe declined to name any perspective retailers, he said a movie theater could be a possiblity.

Wolfe said construction could begin on one of the businesses as early as this fall.

The current dueling mall development sees the Prestige Outlet Mall at the east end of Chesterfield Valley, across from the Chesterfield Commons shopping center, and Premium Outlet near the Boone Bridge.

Staples?

More options are great, however what is currently missing from this area that will not be met with TWO outlet malls. I see this as a waste unless they can attract some signature stores that are missing from the Saint Louis area, which I doubt will happen. It will probably just be more variety of what already exists there.

he said a movie theater could be a possibility.

Why with the Galaxy 14 in the same general area? Maybe if we are lucky we can get a Menards to go along with Home Depot and Lowes too.

Its capitalism at work. Nothing in the area seems to be failing at this point, something has to give. My bet is on Chesterfield Mall going down first.

vpr611 wrote:I think this is setting up for a massive failure.

http://www.ksdk.com/news/article/378572 ... let-malls-

Pretty much every Chesterfield/WestCo resident I've talked to is opposed to building two outlet malls. It still seems strange to me that the residents were/are opposed, the city government claimed to be opposed or at least "concerned about the feasibility" of two outlet malls, yet development went on anyway.

In any case, the consensus among the C'field/WestCo people I've spoken to is that the far-west outlet mall (not the one by Boones Crossing - the other one, which, incidentally, requires more infrastructure work) will fail first, and C'field Mall will decline as well. Shame.

dweebe wrote: I still think it's funny that Home Depot and Lowes are pretty much right next to each other.

That seems to be a HomeDepot/Lowes marketing thing. IIRC the Home Depot and Lowes in Edwardsville actually share a parking lot.

As for the movie theater, I think that's a lot of hot air.

How on earth did these both get financing?

Justme123 -- The Simon project you're referring to is completely leased (minus 6000 sf being saved for temp tenants that pay a fortune in rent). The other outlet mall is struggling to lease their project and nobody knows what it's going to end up like.

^ it may be leased now but that doesn't mean it can't fail. anyway, Justme123 said that he/she spoke with Chesterfield/West County residents, not "Westfield". there is no lying or misleading going on, just speculative conversation among people who don't seem too excited about these developments.

You're correct. I misread his post. My apologies. These outlet tenants sign long term leases, so it will be a long time, if ever, that the Simon StL Premium Outlet Mall will fail.