Public hearing held on tax breaks for redevelopment of Crestwood Mall

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CRESTWOOD, MO (KTVI) – It was a packed house for a tax break debate in Crestwood over funding for a new development at the old Crestwood mall.

The developers who bought the old mall asked the Crestwood TIF Commission to approve their redevelopment plan to turn the area into apartments and shops.

This plan includes $25 million in tax payer funded economic assistance.

$15 million of that would come from a TIF paid out over 23 years.

Officials from the Lindbergh School District are not in favor of this plan.

They said building apartments would bring more students to an already overcrowded district and the TIF would prevent them from increasing revenue to pay for educating more students.

Others who spoke at the meeting were in full support of the redevelopment.

Including multiple local business owners who said no one is coming to Crestwood anymore and they need something to drive shops and people to town.

This plan still has to go to the Crestwood City Council before any final decision is made.

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