Crestwood moves one step closer in TIF for Crestwood Mall

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CRESTWOOD, MO (KTVI) - Crestwood moves one step forward in the process of redeveloping Crestwood Mall.  Even though it is a small step, the Lindbergh School district is not happy. They are very concerned that a TIF, a tax break for the redevelopment along with a proposal that would include 225 apartments will hurt the district. Beth Johnston, Community Relations Director for Lindbergh School District says, "We don't have room for more students without the proper funding for them. We are a hold harmless district which means which pay 92% of all student expenses with local tax dollars. The new students in those apartments would only come with about 650 dollars of state funds and the remaining almost 10,000 dollars per student would have to come from tax payers and there still would be no room to put them anywhere”.

However, not one alderman says voting in favor of a resolution to convene a TIF commission means anything they call it "completely procedural". They say everything at this point is pretty much dotting i's and crossing t's because they have several public meetings ahead where a plan would first have to be talked about and then agreed upon before they even take it to the developer Urban Street who owns the Crestwood Mall.

Alderman Justin Charboneau from ward 2 says, "We are going to do what is best for our community and the school district."

The best step is a public meeting in June where Urban Street will present a plan and listen to residents.